Thailand’s Cabinet approved a proposal from the Ministry of Industry entitled: “10 Target Industries: Mechanical Drivers for the Economy of The future”. It was a long-term program to determine the structure of Thailand’s manufacturing in order to achieve greater efficiency. It also contained the ability to enhance competiveness while it continued to support the economy overall.
10 target industries were considered and “A Committee of Private Investment Promotion” was formed by the Ministry of Finance. This consisted of the Ministry of Industry, the BOI, Office of the National Economic and Social Development Board and 15 other agencies all of which will work together as a team. The principal task is to assess status and analyze the potential of the industry groups that play a role in enhancing the competitiveness of Thai business in the near future. The proposal will also prepare recommendations on policy and measures to promote investment for the targeted industries. The five existing industries include the next-generation Next-generation Automotive Industry; The Smart Electronics Industry; the Affluent Medical and Wellness Tourism Industries; Agriculture, Biotechnology and Food Processing for the Future. An additional five future industries include Industrial Robotics; the Aviation and Logistics Industry; the Biofuels and Biochemical Industries and the Digital Industryand Medical Hub Industry.
Some important industries that will be closely watched include the next-generation Automotive Industry which will be developed as a manufacturing hub for Electronic Vehicles which target Assemblers and Manufacturers - especially those developing batteries and electrical systems for vehicles. The goal is to encourage the use of effective technologies with high precision so as to develop and manufacture automotive components that keep pace with world standards. The Smart Electronics Industry’s goal is to create leverage for the industry which will enable it to comprehensively manufacture sophisticated parts for advanced electronic systems in the automotive and electronic products industries. This includes small electronic circuit designs and embedded systems. The medical hub industry is one of the major industries of the future and aims to integrate industries such as health treatment, parts manufacturing so as to become a production base for the overall healthcare system.
INTERMACH and SUBCON Thailand 2016
Top Industrial Machinery Exhibition and Subcontracting Event
for Procuring Industrial Parts.
This is the first international industrial machinery exhibition of the year - a perfect match with the annual procurement industry cycle. INTERMACH is a major platform for introducing the latest industrial machinery and equipment to buyers and key decision-makers from Thailand and other ASEAN countries. The show is co-located with SUBCON Thailand - Industrial Parts and Business Matching event. It is the only such event organised by the Thailand Board of Investment which invites leading industrial part-buyers both local and international - to participate in the event. The exhibition also hosts important international Seminars, Workshops and Activities related to automotive, electrical and electronics industry. It's a unique opportunity to enter new industries, such as medical equipment and aeronautical parts.