BoI targets to convince at least 100 high technology companies

Chatrudee Theparat

BoI targets to convince at least 100 high technology companies to invest in Thailand within four years.

The Board of Investment (BoI) aims atleast 100 high technology companies to invest in Thailand within four years which hire up to 10,000 high skill workforces.

Thai Prime Minister Sreetha Thavisin met three groups of the US’s companies including digital, electrical vehicles (EV) and electronics.

Mr Sreetha participated the Asia-Pacific Economic Cooperation (APEC) Leaders meeting in San Francisco between November 11-17. San Francisco is the host city for APEC Leaders' Week 2023 with the theme of “Creating a Resilient and Sustainable Future for All between November 11-17.

Mr Narit Therdsteerasukdi, secretary general of the BOI said the promotion campaign of Thai government, BoI targeted to convince at least 100 high technology companies to invest in Thailand within fours years which can create 10,000 jobs among high skill labours.

Mr Sreetha has met three groups of the US’s investor covering three groups including digital, electrical vehicles (EVs) and electronics such as Amazon Web Services(AWS), a cloud computing service; Google; Microsoft and NVIDIA, a world leaders in artificial intelligence computing.

Prime Minister Sreetha Thavisin visited Tesla Fremont Factory, San Francisco on Nov 13, 2023.

“AWS has already announced to invest US$ five billion or approximately 200 billion baht. In the first phase, the company will invest three data center worth 20 billion baht, as well as Google and Microsoft, the companies that PM met their executives in New York in September. Thai government will continue to convince them to establish data center and cloud service, and upgrade Thai digital information, human resource development on digital.”

He said the premier also is schedule to meet electronics companies such as Analog Devices, Inc.(ADI), an American multinational semiconductor company; and Hewlett Packard(HP) while those companies have interested for investment in Thailand because Thailand has readiness on infrastructure covering supply chain of electronics industry which have more than 2,000 electronics parts companies, ports, industrial estates and clean energy

Currently, electronics manufacturing in Thailand is midstream while Thai government aims to persuade upstream to invest in Thailand.

Mr Sreetha also visited Tesla Fremont Factory which manufactures Model S, Model 3, Model x, Model Y. He convinced the company to expand investment in Thailand. He also stressed Thailand’s capability on clean energy and cooperation on investment in the future.

Thailand’s EVs promotion policy also attracted for EVs investment. In the past nine months, EVs are registered more than 6,000 units, increased by seventh times compared to the same period last year which is the highest rate in the region.

The agency also will organize a matching between Thai companies and US’s 80 companies while Thai leader companies which participate the trip such as Amata Corp, Central Group, Charoen Pokphand Group, Hana Microelectronics, True Digital Group, and representatives from private three organizations of Thai Bankers Association, the Federation Of Thai Industries and Thai Chamber of Commerce.