The BOI Thailand promotion is very interested in attracting foreign business involved with metal products, machinery and transport equipment. They are offering great benefits and incentives to those interested in establishing business in those specific industries in Thailand.
Thailand is considered one of the world leaders in machinery, so, there are numerous opportunities to invest in this highly progressive and continuously expanding industry, and the BOI Thailand promotion wants more of this type of business in Thailand. The high demand for farm and food processing machinery, as well as for alternative energy usage/energy conservation equipment, textile, automotive, molds and dies, this sector is extremely attractive for investors.
At present the majority of equipment orders are met by imports. Nevertheless, firms in Thailand would prefer local sources to meet this demand, so an excellent investment opportunity is to be found in this industry. Regarding the current state of the Thai economy, machinery continues to play an important role. Apart from this, there is also bright export potential to all ASEAN markets.
Major multinational automotive industry leaders with a presence in Thailand include: Auto Alliance Thailand (Ford and Mazda), BMW Manufacturing, General Motors, Hino Motor, Honda Automobile, Isuzu Motors, Toyota Motors, Mercedes-Benz Thailand, Mitsubishi Motors, Nissan Motors, Tata Motors, Suzuki Motors and Volvo Car Thailand.
The automotive industry is also a key sector for Thai economy as it is highly important with respect to exports and trade inflows. It is Thailand's second-largest export industry after computer parts and components. As the Government prioritizes this sector, the automotive industry has evolved into an industry with strong foreign, original equipment manufacturer (OEM) competition and an extensive network of supporting industries. Knowing this only fortifies the need for transport equipment. Thailand is very interested to bring in companies that will manufacture transport equipment to strengthen its growing automotive industry.