after the government introduced myriad incentives, particularly
for high-technology and industrial cluster development.
Hiranya Sujinai, secretary-general of the
Board of Investment,
said the BoI was confident Japanese investors would
accelerate
their investments.
She
made her remarks after a meeting on Monday chaired by
Deputy Prime Minister
Somkid Jatusripitak to prepare for a
roadshow in Japan beginning tomorrow.
Japanese companies have approached the BoI asking for
details about
incentives to promote high-technology and targeted
industrial clusters, Mrs
Hiranya said.
Applications submitted by Japanese investors
rank No.1 among
foreign investors requesting BoI incentives, making Japan the
biggest foreign investor in Thailand in the first 10 months of
this year after briefly being overtaken by Singapore.
The
BoI continues to attract more Japanese investors, especially
in automotive,
electronics, high technology, and aviation
and parts, Mrs Hiranya said.
The negotiating team, which will play a
major role in promoting
investment, will be led by Mr Somkid and is scheduled
to meet
officials of Japanese companies during a four-day visit to Japan.
Mrs Hiranya said more than 1,000 Japanese
investors were
expected to attend a seminar entitled "Thailand: Moving
Forward to Sustainable Growth" on Friday in a Tokyo hotel.
Mr Somkid will be the keynote speaker on the
issue of
Thailand's new economic policies.
He is also scheduled to meet with
Japanese Prime Minister
Shinzo Abe on Thursday to discuss business issues and
strengthen
trade and investment ties between the two countries.
Industry
Minister Atchaka Sibunruang said the Industry Ministry
was targeting 10
industries to be promoted as clusters.
The 10 are next-generation automotive, smart
electronics,
affluent medical and wellness tourism, agriculture and
biotechnology,
food for the future, robotics, aviation and logistics, biofuels
and biochemicals, digital and medical.
Mrs
Atchaka said senior representativesfrom the ministry would
meet with major
Japanese firms such as automotive systems
maker Denso Corporation on Dec 30
about expanding investment
in Thailand.
The ministry will also seek technology
transference from
Japan to Thai small
and medium-sized enterprises (SMEs) to
help improve Thai industry.
Prime
Minister Prayut Chan-o-cha has backed the policy and
insisted the government
would promote investment in the
10 targeted clusters, hoping to attract new
investment capital
of up to 600 billion baht.
Speaking Monday at a seminar
entitled "Thailand Moving Ahead
with Cluster Development", Gen Prayut
said the government
would use all means to support investment in order to
revive
the country's economy.
"I am sending this message to those
investors who have already
invested and have stayed in Thailand for such a long
time as well
as those who have not yet started investing here: please don't
leave Thailand," the prime minister told the more than 2,000
Thai and
foreign attendees.
"Please
stay. The government will do everything to assist you in
making business run
smoothly."
Finance permanent secretary Somchai
Sujjapongse said the ministry
would set up another special fund to provide financial
support and accelerate cluster investment.
"It will be a fund that helps to increase
the competitive advantage
of Thai SMEs and Thai industry," he said.
The
plan to set up a 10-billion-baht fund will be submitted to the
cabinet for
approval today. The fund will come from the Thai
Health Promotion Foundation
and the Sports Authority of Thailand,
Mr Somchai added.
News,Asia,Bangkok Post, 24 November 2015.
Hope all policies implement can boost Japanese investors
activities in
Thailand.
The promotion on investment in
the 10 targeted clusters
work well and can stimulate economic and GDP growth.
Sincerely Yours.
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