Key Issues

The number of requests to establish new factories in the first 3 months of the year continued to grow.

House, Government spokesperson reveals that the total number of requests to establish new factories in the first 3 months of the year has continued to grow to more than 70 billion baht, ready to support investment. Targeting Thailand to be a leading ...


House, Government spokesperson reveals that the total number of requests to establish new factories in the first 3 months of the year has continued to grow to more than 70 billion baht, ready to support investment. Targeting Thailand to be a leading electronics production base in the world market

Mr. Chai Watcharong, Spokesman of the Prime Minister’s Office Revealing the total number of requests to establish new factories, emphasizing that during the 6-month period of fiscal year 2024, there was investment from permission to set up and expand industrial factories outside industrial estates of 255,586.74 million baht, with over the first 3 months of 2024 investing in setting up and expanding industrial factories outside industrial estates. 70 billion baht is in line with the policy to support investment expansion of Mr. Settha Thavisin, Prime Minister and Minister of Finance.

Spokesperson for the Prime Minister’s Office reveals information from the Ministry of Industry. Regarding the statistics of factory l
icense issuance (Ror Ngor. 4) in 2023, permission to set up industrial factories throughout the country (outside industrial estates) is 2,598 factories, with an investment value of 356,140 million baht, an increase of 23% compared to 2022, and employment of 106,631 people.

In the past 6 months according to fiscal year 2024, there was investment value from permission to set up and expand industrial factories outside industrial estates of 255,586.74 million baht, and if considering only the year 2024, the first 3 months of the year More than 70,000 million baht has been invested in setting up and expanding industrial factories outside the industrial estate.

In addition, the Office of the Board of Investment (BOI) sets measures to support continued investment. We have improved measures to promote investment in businesses in the printed circuit board (PCB) sector, where Thailand is the number 1 production base in ASEAN and is considered the heart of electronic equipment in the smart electronics, electric vehicl
es, and medical equipment industries. Automated and digital machinery, which is in line with the strategy to seize the opportunity to create a supply chain for PCB production and to have the opportunity to become a world-leading electronics production base in the future. It is expected that after the measures are improved this time, Thailand will attract Another 10 major PCB investments in the world will come to invest in Thailand, which will create a PCB cluster and there will be additional investment in the first part of not less than 100 billion baht or more than 10 billion baht per factory.

‘In addition to inviting investment The Prime Minister ordered Carry out work in tandem with encouraging investment. develop structure Improving Ease of Doing Business regulations, including the Prime Minister setting policies in line with his vision to facilitate future investment. Sufficient clean energy, labor and quality manpower and negotiate for FTA signing, find markets, logistics transportation with standards,
create a complete supply chain of products with potential. I am confident that the past work has begun to take shape and will continue to see successful results,’ Mr. Chai said.

Source: Thai News Agency