The document discusses Thailand's food industry and opportunities for investment. Some key points:
- Thailand ranks 12th globally in food exports and aims to be top 5 within 20 years. The food industry contributed $30 billion to GDP in 2018.
- Thailand has abundant agricultural resources and is a top global producer of many commodities like rice, cassava, and canned foods. The government is promoting innovation and high-value products.
- Food Innopolis is a hub located near Bangkok that supports R&D, industry links, and provides services to facilitate investment within 24 hours. It collaborates with universities and companies.
- The BOI provides tax incentives like corporate tax exemptions for up to 8
Thailand has a large and growing food industry, contributing roughly 23% of GDP. It is one of the world's largest exporters of many food products, including canned pineapple, rice, sugar, and canned tuna. The Thai government supports the food industry through initiatives like food-optimized industrial parks. Thailand has abundant agricultural resources and is a top global producer of crops like rice, cassava, and palm oil. It is also a major exporter and producer of processed foods like canned and frozen seafood, ready meals, and food ingredients. The food processing industry is expected to reach $102 billion in value in 2017.
Thailand has long been called “the kitchen of the world” with its
abundant natural resources, highly-skilled workforce, and strength in research. The food industry contributed roughly 23% of the country’s GDP....
This document summarizes Thailand's investment in smart farming technologies to increase agricultural productivity and efficiency. It discusses how Thailand has embraced technologies like drones, smart greenhouses, agricultural apps, artificial intelligence, and big data to modernize farming practices. The government has implemented strategies to promote smart farming and support collaborations between the public and private sectors to develop innovative technologies. These efforts aim to achieve the country's vision of raising farmers' incomes substantially and reforming the agricultural sector in a sustainable manner over the next 20 years.
Thailand is a global leader in food production and exports. The food industry contributes significantly to Thailand's economy, accounting for 23% of GDP. Thailand aims to become one of the top five food exporters globally by 2036 through initiatives like Food Innopolis and World Food Valley Thailand, which are developing high-value, innovative food products and advancing the industry according to Thailand 4.0 strategies. The Thai government provides strong investment incentives for the food sector to attract investors and ensure the industry's continued growth and competitiveness internationally.
This document summarizes Thailand's performance in the latest Global Competitiveness Index published by the World Economic Forum. The key points are:
- Thailand improved in the rankings, moving up two spots to 38th place out of 140 economies assessed. This places it third among ASEAN countries.
- Thailand scored 67.5 out of 100, higher than its 2017 score and the world average. It performed best in the pillars of Financial System, Market Size, and Business Dynamism, ranking in the top 25 for each.
- While the assessment methodology was updated, focusing on 12 pillars of productivity and the impact of Industry 4.0, the US topped the rankings followed by Singapore and Germany.
This document provides a summary and analysis of the potential for India's food processing sector. It begins with an overview of the market landscape and growth drivers in India. It then examines key opportunities that exist across the food value chain, from farming inputs to retail/food services. Several food processing segments are detailed, including their supply, processing levels, and opportunities. The document outlines India's position in global food trade and constraints that are slowing growth. It identifies strategies to address constraints, such as contract farming and infrastructure investments. Overall, the sector is seen as having significant potential but also facing challenges that require strategic interventions.
Thailand has a large and growing food industry due to its natural resources, investments in technology and food safety standards. It is the world's largest exporter of rice, canned tuna, frozen seafood and other foods. In 2014, Thailand exported over $30 billion worth of food including $6.4 billion of fishery products like canned tuna, $2.9 billion of meat like chicken, $5.8 billion of cereals like rice, $2.5 billion of fruits like pineapple, and $629 million of vegetables like corn. The food processing industry is supported by locally available raw materials and meets international quality standards, ensuring ongoing export growth.
The document provides an overview of the Indian food processing industry, including its current size and growth outlook. It discusses opportunities in key segments like fruits/vegetables, dairy, and bakery. The industry is expected to grow at 13% annually to $255 billion by 2016 due to increasing domestic consumption, availability of raw materials, and government support through initiatives like food parks and foreign investment policies. The report analyzes industry trends, regulations, major players and prospects to help investors understand opportunities across the food processing value chain.
Thailand has a large and growing food industry, contributing roughly 23% of GDP. It is one of the world's largest exporters of many food products, including canned pineapple, rice, sugar, and canned tuna. The Thai government supports the food industry through initiatives like food-optimized industrial parks. Thailand has abundant agricultural resources and is a top global producer of crops like rice, cassava, and palm oil. It is also a major exporter and producer of processed foods like canned and frozen seafood, ready meals, and food ingredients. The food processing industry is expected to reach $102 billion in value in 2017.
Thailand has long been called “the kitchen of the world” with its
abundant natural resources, highly-skilled workforce, and strength in research. The food industry contributed roughly 23% of the country’s GDP....
This document summarizes Thailand's investment in smart farming technologies to increase agricultural productivity and efficiency. It discusses how Thailand has embraced technologies like drones, smart greenhouses, agricultural apps, artificial intelligence, and big data to modernize farming practices. The government has implemented strategies to promote smart farming and support collaborations between the public and private sectors to develop innovative technologies. These efforts aim to achieve the country's vision of raising farmers' incomes substantially and reforming the agricultural sector in a sustainable manner over the next 20 years.
Thailand is a global leader in food production and exports. The food industry contributes significantly to Thailand's economy, accounting for 23% of GDP. Thailand aims to become one of the top five food exporters globally by 2036 through initiatives like Food Innopolis and World Food Valley Thailand, which are developing high-value, innovative food products and advancing the industry according to Thailand 4.0 strategies. The Thai government provides strong investment incentives for the food sector to attract investors and ensure the industry's continued growth and competitiveness internationally.
This document summarizes Thailand's performance in the latest Global Competitiveness Index published by the World Economic Forum. The key points are:
- Thailand improved in the rankings, moving up two spots to 38th place out of 140 economies assessed. This places it third among ASEAN countries.
- Thailand scored 67.5 out of 100, higher than its 2017 score and the world average. It performed best in the pillars of Financial System, Market Size, and Business Dynamism, ranking in the top 25 for each.
- While the assessment methodology was updated, focusing on 12 pillars of productivity and the impact of Industry 4.0, the US topped the rankings followed by Singapore and Germany.
This document provides a summary and analysis of the potential for India's food processing sector. It begins with an overview of the market landscape and growth drivers in India. It then examines key opportunities that exist across the food value chain, from farming inputs to retail/food services. Several food processing segments are detailed, including their supply, processing levels, and opportunities. The document outlines India's position in global food trade and constraints that are slowing growth. It identifies strategies to address constraints, such as contract farming and infrastructure investments. Overall, the sector is seen as having significant potential but also facing challenges that require strategic interventions.
Thailand has a large and growing food industry due to its natural resources, investments in technology and food safety standards. It is the world's largest exporter of rice, canned tuna, frozen seafood and other foods. In 2014, Thailand exported over $30 billion worth of food including $6.4 billion of fishery products like canned tuna, $2.9 billion of meat like chicken, $5.8 billion of cereals like rice, $2.5 billion of fruits like pineapple, and $629 million of vegetables like corn. The food processing industry is supported by locally available raw materials and meets international quality standards, ensuring ongoing export growth.
The document provides an overview of the Indian food processing industry, including its current size and growth outlook. It discusses opportunities in key segments like fruits/vegetables, dairy, and bakery. The industry is expected to grow at 13% annually to $255 billion by 2016 due to increasing domestic consumption, availability of raw materials, and government support through initiatives like food parks and foreign investment policies. The report analyzes industry trends, regulations, major players and prospects to help investors understand opportunities across the food processing value chain.
Thailand has established itself as a major medical hub in Asia due to its robust public healthcare system, high-quality medical services, and thriving medical industry. The country was ranked 6th globally in preparedness for health crises. During the COVID-19 pandemic, Thailand showed effective containment through its healthcare system and public health measures. The country has a large network of private hospitals, many accredited by international standards, serving both domestic and international medical tourism. Thailand also has a strong manufacturing base supporting the pharmaceutical, medical device, and medical food industries. The government aims to further develop the country as a global leader in wellness, medical services, education, and medical products.
The document provides an overview of the life sciences sector in Telangana, India. It discusses how Hyderabad emerged as a leader in bulk drugs and vaccines due to the establishment of organizations like IDPL in the 1960s. This sparked growth of the private pharmaceutical industry. It also highlights the role of organizations like ICRISAT, CCMB, IICT, CDFD and NIN in developing an R&D ecosystem. Key initiatives like BioAsia and Pharmexcil helped link local players to the global biotech community. The life sciences clusters in Hyderabad, Bangalore and Mumbai-Pune account for over 80% of India's life sciences manufacturing and R&D. Hyderabad has
Make In India – Healthcare Reforms, Insurance, Innovations, Investments & Inf...Indian Affairs
7th Annual Pharmaceutical Leadership Summit & Pharmaleaders Business Leadership Awards 2014
Friday, 26th December, Hotel Sahara Star, Mumbai, India
Make In India – Healthcare Reforms
Insurance,Innovations,Investments & Infrastructure
“Empowering India’s Developing Healthcare System”
Investing the Healthcare Solutions of Tomorrow in difficult Times
1. Current Size of Dairy Industry - Locally
World population and per capita consumption of dairy products, 2005, 2008–2016
IMPORTANCE OF DAIRY INDUSTRY TO THE INDIAN ECONOMY
Government to strengthen dairy industry to improve farmer income
Introduction to indian pharma industriespharmacampus
Introduction to Indian Pharma Industries: this highlights leading pharma producers, details of exports of medicines, growth statistics, and high potential generic market.
Bioplastics are regarded as a potential solution to address
environmental and economic challenges. They represent the
fastest-growing product line for bio-based products. Several
countries have taken action and significantly increased awareness of the use of bioplastics.
Impact of Foreign Direct Investment (FDI) In Indian Food Processing Sectoriosrjce
Global Foreign Direct Investment (FDI) inflows rose 16 per cent in 2011. The FDI inflows in India
are increased at the rate of 27.9 per cent per annum during the period 2000 to 2011. In India, FDI inflows in
food processing sector were worth Rs.198 crore in the year 2000, these FDI inflows were rose to Rs.1314 crore
in 2009 and it was fallen to Rs.826 crore in 2011. During this period the growth were registered 11.1 per cent
per annum respectively. Ministry of Food Processing Industries (MoFPI) has formulated a Vision 2015 Action
Plan that includes trebling the size of the food processing industry, raising the level of processing of perishables
from 6 per cent to 20 per cent, increasing value addition from 20 per cent to 35 per cent, and enhancing India’s
share in global food trade from 1.5 per cent to 3 per cent.
With Investments being the integral part of the economic development, this edition also highlights the investment scenario in the CII western region for the June quarter ending. Apart from the aforementioned articles it also carries the regular feature of Economy Snapshot and activities in the region.
The document discusses Thailand's creative economy and its growth potential. It notes that the Thai government sees the creative economy as an important driver of economic growth. Key points include:
- Thailand's creative economy was worth approximately $44 billion in 2019 and employs over 800,000 people. Cultural tourism and food are the largest sectors.
- The government is promoting the creative economy through various initiatives like the Creative City project and BOI incentives. It aims to link cultural heritage with modern industry.
- Digital content and arts/crafts are resilient export sectors for Thailand, with animation and handicrafts showing continued growth in 2021. Support is being provided to develop these industries further.
Dear students get fully solved assignments
call us at : 08263069601 , or
Send your semester & Specialization name to our mail id :
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The document provides an overview of India's food processing industry. Some key points:
- India has a large agricultural sector and is one of the largest producers of fruits, vegetables, milk and meat globally.
- The food processing industry is a major contributor to India's GDP and employment. It is growing rapidly due to rising incomes, urbanization and changing diets.
- The industry includes segments like packaged foods, dairy, grains and beverages. Major players include Amul, ITC and Nestle.
- The government is supporting the sector through FDI policies and infrastructure projects to boost production and processing.
- Emerging trends include increasing exports, demand for health foods and changing consumer preferences.
The document discusses the outlook for the medical device market in Indonesia, noting that spending on healthcare is increasing along with the economy and population. It provides an overview of the key segments in the medical device market and predicts strong growth in the coming years, especially with the implementation of universal healthcare coverage. Regulations around medical device registration and imports are also examined.
The document discusses India's export performance and policies. It provides historical context on India's foreign trade prior to independence and developments after, including setting up export promotion councils. Key sectors that contribute to Indian exports are discussed such as tea, coffee, spices, textiles, agriculture, gems and jewelry, and pharmaceuticals. Challenges and opportunities for growth are highlighted. The Foreign Trade Policy 2015-2020 and its objectives to increase exports and employment are summarized.
An Analytical Study on Impact of WTO on Agricultural Trade in IndiaEliza Sharma
This chapter reviews literature related to agriculture, agriculture trade, the impact of WTO on agriculture sectors globally and in India, and reforms in agriculture due to technology and globalization. Several studies found that WTO had both positive and negative impacts on different agricultural exports in India. Many emphasized the need for India to promote products with comparative advantages, develop infrastructure and provide credit/support to farmers to increase agricultural exports. The literature review forms the basis for objectives of the study.
The document discusses Indonesia's strategy to boost rattan export performance. It provides background on Indonesia's position as the world's largest supplier of rattan, accounting for 80% of global rattan consumption. It then outlines Indonesia's rattan export performance from 2013-2017, with the US, Netherlands, Japan, Germany and UK as the top destination countries in 2017. The document also presents Indonesia's national export improvement strategy, which focuses on areas like export development cooperation, market development, product development, human resource development, and promotion/image development to realize the government's goals.
The document summarizes the economy of India, including its transition from socialist policies to economic liberalization. It discusses key sectors such as agriculture, industry, and services. Some main points are:
- India adopted socialist policies for most of its independent history, but has transitioned to a more market-based economy since the 1980s and further reforms in 1991.
- The economy has grown significantly with annual GDP growth reaching 7.5% in the late 2000s, though poverty reduction has been slower.
- Agriculture remains important but services have grown the fastest; concerns remain about lack of job growth.
- Economic reforms continue and priorities include further public sector reforms and improving infrastructure.
The Growing Pharmaceutical Business in Latin America. By Fernando Ferrer. Mul...Fernando Ferrer, MBA
Presentation at the Meadowlands Chamber of Commerce. NJ, USA
Fernando Ferrer, MBA - October 30, 2013
The challenges of the Pharmaceutical business in Latin America
The global pharmaceutical retail market is forecasted to reach US$ 1.2 trillion by 2017.
The 33 Latin American countries when taking together possess certain regional common characteristics in their political, geographical, socio-economic, racial and cultural profile; but many peculiarities and differences that range from infrastructure to local regulations and market access, all of which must be understood in order to create and implement business strategies to capture the market of 600 million people.
Brazil, Mexico, Argentina and Venezuela rank already on the top 20 worldwide pharma markets. At a Compound Annual Growth Rate (CAGR) of 12% in 5 years, the sales forecast of the top 7 Latin American markets will reach close to US$ 110 billion, boosting the growth of other regional countries and life science markets.
During the presentation we will discuss on key factors to succeed when entering in these growing markets.
1. The food processing industry in India is a growing sector that accounts for 32% of the country's total food market and has attracted $2.15 billion in foreign direct investment in 2015.
2. The size of the food processing industry is estimated to reach $258 billion by 2015 and $482 billion by 2020, growing at a compounded annual growth rate of 11% from 2010-2014.
3. The industry faces challenges such as a decline in land holdings, poor market linkages, a lack of adequate processing capacity and technology, and insufficient infrastructure and supply chains. However, the government is increasingly supporting the sector through policies aimed at tripling investment and exports of processed foods by 2015.
- India's food processing industry is growing at 12% annually and is expected to exceed INR 16,500 billion by 2020 due to rising incomes, urbanization, and demand for nutritional and convenient foods.
- Madhya Pradesh has huge potential in the food processing sector with abundant agriculture and opportunities across the food value chain. Several government initiatives are attracting more investment to the state.
- PHD Chamber of Commerce and Industry is organizing a conference on July 3rd, 2015 in Indore, Madhya Pradesh to promote investment opportunities in the state's food processing sector and facilitate capacity building.
Thailand is positioning itself as a global food innovation hub by investing 10 billion baht in a Food Innopolis Project. The Thai food industry contributes 23% to GDP and food exports were 897 billion baht in 2015, led by rice, sugar, chicken, tuna and shrimp. Thailand has strengths such as year-round production, food expertise, quality workforce and standards. The government aims to support innovation and link private sectors through the Food Innopolis to grow in the global market. Thailand also has a flourishing halal industry valued at 200 billion baht annually, and the government has a 5-year plan to become a top 5 exporter of halal products and services.
This document summarizes Thailand's efforts to develop its agriculture and food industry. It notes that Thailand aims to become a top global player in "Future Foods", which use new technologies and innovations. The government is supporting startups and providing incentives for investment in areas like food technology and processing. Exports of processed Thai foods grew in 2020 despite the pandemic, showing the resilience of Thailand's food supply chain. The government's goals include being ranked among the top ten global food exporters by 2027.
Thailand has established itself as a major medical hub in Asia due to its robust public healthcare system, high-quality medical services, and thriving medical industry. The country was ranked 6th globally in preparedness for health crises. During the COVID-19 pandemic, Thailand showed effective containment through its healthcare system and public health measures. The country has a large network of private hospitals, many accredited by international standards, serving both domestic and international medical tourism. Thailand also has a strong manufacturing base supporting the pharmaceutical, medical device, and medical food industries. The government aims to further develop the country as a global leader in wellness, medical services, education, and medical products.
The document provides an overview of the life sciences sector in Telangana, India. It discusses how Hyderabad emerged as a leader in bulk drugs and vaccines due to the establishment of organizations like IDPL in the 1960s. This sparked growth of the private pharmaceutical industry. It also highlights the role of organizations like ICRISAT, CCMB, IICT, CDFD and NIN in developing an R&D ecosystem. Key initiatives like BioAsia and Pharmexcil helped link local players to the global biotech community. The life sciences clusters in Hyderabad, Bangalore and Mumbai-Pune account for over 80% of India's life sciences manufacturing and R&D. Hyderabad has
Make In India – Healthcare Reforms, Insurance, Innovations, Investments & Inf...Indian Affairs
7th Annual Pharmaceutical Leadership Summit & Pharmaleaders Business Leadership Awards 2014
Friday, 26th December, Hotel Sahara Star, Mumbai, India
Make In India – Healthcare Reforms
Insurance,Innovations,Investments & Infrastructure
“Empowering India’s Developing Healthcare System”
Investing the Healthcare Solutions of Tomorrow in difficult Times
1. Current Size of Dairy Industry - Locally
World population and per capita consumption of dairy products, 2005, 2008–2016
IMPORTANCE OF DAIRY INDUSTRY TO THE INDIAN ECONOMY
Government to strengthen dairy industry to improve farmer income
Introduction to indian pharma industriespharmacampus
Introduction to Indian Pharma Industries: this highlights leading pharma producers, details of exports of medicines, growth statistics, and high potential generic market.
Bioplastics are regarded as a potential solution to address
environmental and economic challenges. They represent the
fastest-growing product line for bio-based products. Several
countries have taken action and significantly increased awareness of the use of bioplastics.
Impact of Foreign Direct Investment (FDI) In Indian Food Processing Sectoriosrjce
Global Foreign Direct Investment (FDI) inflows rose 16 per cent in 2011. The FDI inflows in India
are increased at the rate of 27.9 per cent per annum during the period 2000 to 2011. In India, FDI inflows in
food processing sector were worth Rs.198 crore in the year 2000, these FDI inflows were rose to Rs.1314 crore
in 2009 and it was fallen to Rs.826 crore in 2011. During this period the growth were registered 11.1 per cent
per annum respectively. Ministry of Food Processing Industries (MoFPI) has formulated a Vision 2015 Action
Plan that includes trebling the size of the food processing industry, raising the level of processing of perishables
from 6 per cent to 20 per cent, increasing value addition from 20 per cent to 35 per cent, and enhancing India’s
share in global food trade from 1.5 per cent to 3 per cent.
With Investments being the integral part of the economic development, this edition also highlights the investment scenario in the CII western region for the June quarter ending. Apart from the aforementioned articles it also carries the regular feature of Economy Snapshot and activities in the region.
The document discusses Thailand's creative economy and its growth potential. It notes that the Thai government sees the creative economy as an important driver of economic growth. Key points include:
- Thailand's creative economy was worth approximately $44 billion in 2019 and employs over 800,000 people. Cultural tourism and food are the largest sectors.
- The government is promoting the creative economy through various initiatives like the Creative City project and BOI incentives. It aims to link cultural heritage with modern industry.
- Digital content and arts/crafts are resilient export sectors for Thailand, with animation and handicrafts showing continued growth in 2021. Support is being provided to develop these industries further.
Dear students get fully solved assignments
call us at : 08263069601 , or
Send your semester & Specialization name to our mail id :
“ help.mbaassignments@gmail.com ”
The document provides an overview of India's food processing industry. Some key points:
- India has a large agricultural sector and is one of the largest producers of fruits, vegetables, milk and meat globally.
- The food processing industry is a major contributor to India's GDP and employment. It is growing rapidly due to rising incomes, urbanization and changing diets.
- The industry includes segments like packaged foods, dairy, grains and beverages. Major players include Amul, ITC and Nestle.
- The government is supporting the sector through FDI policies and infrastructure projects to boost production and processing.
- Emerging trends include increasing exports, demand for health foods and changing consumer preferences.
The document discusses the outlook for the medical device market in Indonesia, noting that spending on healthcare is increasing along with the economy and population. It provides an overview of the key segments in the medical device market and predicts strong growth in the coming years, especially with the implementation of universal healthcare coverage. Regulations around medical device registration and imports are also examined.
The document discusses India's export performance and policies. It provides historical context on India's foreign trade prior to independence and developments after, including setting up export promotion councils. Key sectors that contribute to Indian exports are discussed such as tea, coffee, spices, textiles, agriculture, gems and jewelry, and pharmaceuticals. Challenges and opportunities for growth are highlighted. The Foreign Trade Policy 2015-2020 and its objectives to increase exports and employment are summarized.
An Analytical Study on Impact of WTO on Agricultural Trade in IndiaEliza Sharma
This chapter reviews literature related to agriculture, agriculture trade, the impact of WTO on agriculture sectors globally and in India, and reforms in agriculture due to technology and globalization. Several studies found that WTO had both positive and negative impacts on different agricultural exports in India. Many emphasized the need for India to promote products with comparative advantages, develop infrastructure and provide credit/support to farmers to increase agricultural exports. The literature review forms the basis for objectives of the study.
The document discusses Indonesia's strategy to boost rattan export performance. It provides background on Indonesia's position as the world's largest supplier of rattan, accounting for 80% of global rattan consumption. It then outlines Indonesia's rattan export performance from 2013-2017, with the US, Netherlands, Japan, Germany and UK as the top destination countries in 2017. The document also presents Indonesia's national export improvement strategy, which focuses on areas like export development cooperation, market development, product development, human resource development, and promotion/image development to realize the government's goals.
The document summarizes the economy of India, including its transition from socialist policies to economic liberalization. It discusses key sectors such as agriculture, industry, and services. Some main points are:
- India adopted socialist policies for most of its independent history, but has transitioned to a more market-based economy since the 1980s and further reforms in 1991.
- The economy has grown significantly with annual GDP growth reaching 7.5% in the late 2000s, though poverty reduction has been slower.
- Agriculture remains important but services have grown the fastest; concerns remain about lack of job growth.
- Economic reforms continue and priorities include further public sector reforms and improving infrastructure.
The Growing Pharmaceutical Business in Latin America. By Fernando Ferrer. Mul...Fernando Ferrer, MBA
Presentation at the Meadowlands Chamber of Commerce. NJ, USA
Fernando Ferrer, MBA - October 30, 2013
The challenges of the Pharmaceutical business in Latin America
The global pharmaceutical retail market is forecasted to reach US$ 1.2 trillion by 2017.
The 33 Latin American countries when taking together possess certain regional common characteristics in their political, geographical, socio-economic, racial and cultural profile; but many peculiarities and differences that range from infrastructure to local regulations and market access, all of which must be understood in order to create and implement business strategies to capture the market of 600 million people.
Brazil, Mexico, Argentina and Venezuela rank already on the top 20 worldwide pharma markets. At a Compound Annual Growth Rate (CAGR) of 12% in 5 years, the sales forecast of the top 7 Latin American markets will reach close to US$ 110 billion, boosting the growth of other regional countries and life science markets.
During the presentation we will discuss on key factors to succeed when entering in these growing markets.
1. The food processing industry in India is a growing sector that accounts for 32% of the country's total food market and has attracted $2.15 billion in foreign direct investment in 2015.
2. The size of the food processing industry is estimated to reach $258 billion by 2015 and $482 billion by 2020, growing at a compounded annual growth rate of 11% from 2010-2014.
3. The industry faces challenges such as a decline in land holdings, poor market linkages, a lack of adequate processing capacity and technology, and insufficient infrastructure and supply chains. However, the government is increasingly supporting the sector through policies aimed at tripling investment and exports of processed foods by 2015.
- India's food processing industry is growing at 12% annually and is expected to exceed INR 16,500 billion by 2020 due to rising incomes, urbanization, and demand for nutritional and convenient foods.
- Madhya Pradesh has huge potential in the food processing sector with abundant agriculture and opportunities across the food value chain. Several government initiatives are attracting more investment to the state.
- PHD Chamber of Commerce and Industry is organizing a conference on July 3rd, 2015 in Indore, Madhya Pradesh to promote investment opportunities in the state's food processing sector and facilitate capacity building.
Thailand is positioning itself as a global food innovation hub by investing 10 billion baht in a Food Innopolis Project. The Thai food industry contributes 23% to GDP and food exports were 897 billion baht in 2015, led by rice, sugar, chicken, tuna and shrimp. Thailand has strengths such as year-round production, food expertise, quality workforce and standards. The government aims to support innovation and link private sectors through the Food Innopolis to grow in the global market. Thailand also has a flourishing halal industry valued at 200 billion baht annually, and the government has a 5-year plan to become a top 5 exporter of halal products and services.
This document summarizes Thailand's efforts to develop its agriculture and food industry. It notes that Thailand aims to become a top global player in "Future Foods", which use new technologies and innovations. The government is supporting startups and providing incentives for investment in areas like food technology and processing. Exports of processed Thai foods grew in 2020 despite the pandemic, showing the resilience of Thailand's food supply chain. The government's goals include being ranked among the top ten global food exporters by 2027.
Thailand is embracing a Bio-Circular-Green (BCG) economic model to drive sustainable growth. This will leverage Thailand's strengths in agriculture, biotechnology, and skilled workforce. Key industries under the BCG model include food/biotech, biochemicals, medical/wellness, and smart electronics. Thailand offers competitive advantages for BCG, ranking highly in ease of doing business. The government is promoting BCG through investment in food technology upgrades, renewable energy, waste management, and green transportation. This will position Thailand as a leader in BCG within ASEAN.
This document discusses Thailand's efforts to promote growth in the agriculture and biotechnology sectors. It outlines Thailand's plans to reform agriculture through "smart farming" initiatives like improved crop zoning, learning centers, and encouraging farmers to meet market demand. It also details Thailand's biotechnology development plan, which aims to turn economic crops into high-value products and diversify into areas like bioenergy, bioplastics, foods and pharmaceuticals. The government is supporting these sectors through funding, infrastructure and tax incentives to establish Thailand as a biotech leader in Asia.
The document summarizes Thailand's efforts to capitalize on opportunities from its aging population through foreign investment and smart city initiatives. Thailand is promoting investment in industries like healthcare, pharmaceuticals, medical devices, food supplements, elderly facilities, and digital technologies. The government offers incentives for aging-related businesses and has policies supporting senior well-being and employment. As an example, the city of Saensuk launched a smart city pilot focused on using IoT to improve senior healthcare and independent living through health monitoring devices.
[Paper] Human resource development through vocational education for thailand 4.0Klangpanya
1) Thailand aims to transform its economy through policies like Thailand 4.0, which focuses on innovation and new technologies. Vocational education is seen as important for developing skills needed for these new industries.
2) However, Thailand's vocational education system faces challenges in quality and connecting to labor market needs. Dual vocational education, where students learn in schools and workplaces, has been implemented to address this.
3) Improving vocational education involves providing more opportunities and pathways to higher education, making the system more inclusive, and better connecting it to labor market skills demands through stakeholder involvement. This will help develop the skilled workforce needed for Thailand's future economic goals.
This document discusses the processed food industry in India. It covers key areas like industry segments, existing structure, major players, government policies, processing techniques, and research and development. The processed food sector has grown significantly in recent years due to availability of raw materials and relaxed policies. While food processing in India is still lower than other countries, there is huge potential for growth given the wide variety of agricultural products and large consumer base. The industry is expected to continue expanding rapidly, benefiting consumers, producers and the overall economy.
This document discusses Thailand's efforts to promote science, technology, and innovation to drive economic growth. It outlines the role of the National Science and Technology Development Agency (NSTDA) in funding competitive research, transferring knowledge and technology, developing human resources, and building infrastructure. NSTDA focuses on key industry clusters like food and agriculture, where Thailand already has strengths, to develop innovative products and services.
Economic Development in Thailand in detailed point of view.Sanath Dasanayaka
In this report, it is expected to examine the economic and business strategies used by Thailand in the past years in detail and clearly. As well as, here, it is expected to suggest the business strategies used by Thailand for Sri Lankan application.
The document discusses Thailand's growing healthcare industry and potential to become Asia's medical hub. It notes Thailand's world-class medical facilities, affordable prices, and reputation for quality healthcare have made it a top medical tourism destination. The healthcare sector sees strong growth in areas like pharmaceuticals and medical devices. The government supports the industry through funding and incentives from the Board of Investment. Thailand aims to further develop its leadership in medical services and as a production hub for pharmaceutical and medical companies in Asia.
Thailand has a population of 68.7 million people and a GDP of $387.3 billion. The capital and largest city is Bangkok. Thailand has a constitutional monarchy government and Thai baht currency. The main religion is Buddhism, practiced by 90% of the population. Thailand has a tropical climate with three main seasons. Key industries include agriculture, automotive, electronics, tourism and healthcare. Thailand provides opportunities for Australian businesses through its growing economy and trade agreement between the two countries. Cultural differences and building relationships are important aspects of conducting successful business in Thailand.
The document summarizes SUBCON Thailand 2015, an industrial subcontracting exhibition hosted by the Thailand Board of Investment. Over 300 subcontractors from Thailand, ASEAN and Japan exhibited, attracting 22,000 buyers from 18 countries. Last year's event generated around $237 million in sales and 4,611 business matches. The exhibition showcases Thai SMEs and their potential to expand into new business areas. Thailand is pushing initiatives to drive economic growth, providing opportunities for local enterprises and SMEs, which contribute 37% to GDP and exported $456 million in goods in the first quarter of 2015.
A study of business environment of Australia and recommendation.Gagan Gouda
The document summarizes key aspects of the Australian economy including:
1. Its dominant service sector accounting for 68% of GDP and mining sector accounting for 10% of GDP.
2. Australia has a GDP of US$1.525 trillion and avoids recessions through stimulus measures.
3. Important trends include an aging population, strong ties with Asia, and opportunities in technology and education.
The document discusses Thailand's new economic direction under Prime Minister Prayut Chan-o-cha and Deputy Prime Minister Somkid Jatusripitak. The key points are:
1) The government has set up 5 missions to maintain steady economic growth, focusing on small and medium enterprises, local and regional economies, improving product quality, mega investments, and trade.
2) Somkid aims to decrease Thailand's dependence on exports and strengthen the economy by creating industrial clusters to boost SMEs.
3) The Cabinet approved measures to provide funding to villages, sub-districts, and small investment projects totaling 136.275 billion baht to boost domestic spending.
4) While external head
Thailand has a large and growing food industry due to its natural resources and investments in technology and food safety standards. In 2011:
- Fishery product exports totaled 1.7 million tons valued at $8.2 billion, a 12% increase.
- Rice exports grew 17% in value due to higher prices from global supply issues.
- Meat exports increased 14% in value, driven by Japanese demand after Fukushima.
- Fruit and vegetable exports grew 8% and 20% respectively in value.
Thailand is a major global exporter of food and food ingredients like sauces, distributing products across regions. The government and industry are helping Thailand utilize technology and standards to remain competitive in food processing and
Thailand has several key policies that promote the bioeconomy:
1) The Biotechnology Development Policy Framework from 2012 provides a holistic view of biotechnology and its applications across medical, agriculture, aquatic, and industrial fields.
2) The National BioPlastics Roadmap from 2008 specifically fosters bioplastics as a new biobased industry.
3) The Alternative Energy Development Plan from 2012-2021 supports bioenergy and biofuels based on agricultural resources, with biomass accounting for 80% of renewable energy.
Thailand has introduced policies to promote green and inclusive innovation through research and development. The key policies include reorganizing Thailand's national research system to reach a 2% GDP target for R&D spending, launching a "One Tablet Per Child" program, and increasing public-private partnerships in areas like high-tech industries, technology transfer, and supporting small businesses and entrepreneurs. The policies aim to build Thailand's innovative capacity and empower more groups, including the poor, to participate in and benefit from innovation.
Thailand has developed a cutting-edge biotechnology industry over the past two decades, with applications across medical, agricultural, aquatic, and industrial fields. The biotechnology sector was established in 1983 with the creation of the National Center for Genetic Engineering and Biotechnology and has grown to include around 200 firms with a total market value of over $2 billion. The Thai government aims to make Thailand a leader in biotechnology in Asia and has implemented policies to strengthen R&D and commercial applications of biotechnology, focusing on agriculture and food, medicine and healthcare, bioenergy, and bioindustries.
The document summarizes Thailand's economic outlook and reforms. It notes that Thailand's economy grew 3.2% in 2016, driven by investment and tourism. Key economic reforms include developing innovation and technology under the "Thailand 4.0" model to transition to a value-based economy. Major projects to support this include the Eastern Economic Corridor, which aims to attract $43 billion in investment to targeted industries, and Food Innopolis to support food innovation. The document outlines Thailand's focus on sustainable and inclusive growth based on Sufficiency Philosophy, as well as trade and investment promotion strategies.
This document provides a marketing plan for "Asteria", a casual dining lounge and cafe bar in Jaipur, India. It begins with an acknowledgment of those who helped in creating the plan. The plan then includes an executive summary, introduction to the food and beverage industry in India, analysis of the competitive environment, overview of Asteria as an organization, description of the target market, review of products and competitors, discussion of distribution and marketing strategies, recommendations around positioning, pricing, and communication. It concludes with budgets for advertising and plans for implementation and control.
Similar to Thailand Investment Review, September 2019 (20)
The Guide to the Board of Investment was prepared by the Office of the Board of Investment to provide information regarding investment promotion, including benefits and privileges, list of eligible activities, related announcements and, also, investment promotion application’s criteria and conditions.
The guide provides an overview of the business environment in Thailand, with information about company establishment, taxation, intellectual property rights, and legal issues.
This document provides an overview of typical costs for starting and operating a business in Thailand in 2023. It includes estimates for visa and registration fees, labor costs, office occupancy costs, construction costs, utility rates, transportation costs, communication costs, and industrial estates/facilities. Tax rates are also presented, including corporate income tax, personal income tax, value added tax, withholding tax, and double taxation agreements Thailand has with other countries. Specific excise taxes are shown for products like petroleum, electrical appliances, and automobiles.
Presented by Asst. Prof. Nayot Kurukitkoson, PhD, Executive Committee of the EEC Human Development Center, and Vice President for EEC Affairs, Burapha University, on March 16, 2023
Thailand has an extensive innovation network made up of various supporting parties, from government bodies, the private sector, to venture capital and other organizations including research laboratories and academic institutions.
Thailand is the perfect second home for expats. The country was ranked 14th out of 59 global locations with the nation’s capital Bangkok placing 4th in Asia in the Expat City Ranking 2021,5 with the majority of expats expressing satisfaction with the cost of living and their quality of life in Thailand.
The Guide to the Board of Investment was prepared by the Office of the Board of Investment to provide information regarding investment promotion, including benefits and privileges, list of eligible activities, related announcements and, also, investment promotion application’s criteria and conditions.
Thailand is introducing a new visa called “Long-Term Resident (LTR )” which is a program that provides a range of tax and non-tax benefits to enhance the country’s attractiveness as a regional hub for living and doing business for high potential foreigners.
Thailand offers strategic opportunities in advanced materials and polymers due to its location, free trade agreements, and government support through the Board of Investment. Key points:
- Thailand has free trade agreements with 18 nations, enabling export of advanced materials and polymers to major markets.
- The BOI provides various tax incentives, exemptions on import duties for machinery/raw materials, and non-tax incentives to promote investment in advanced materials and polymers.
- Major industries like automotive, electronics, food packaging drive demand for advanced materials and polymers in Thailand.
Presented by Mr. Varghese Poulouse Nalian, President & General Manager of Performance Additives Business, Momentive Performance Materials (Thailand), on June 29, 2022
This measure is aimed to promote investment in targeted activities in three provinces – Chachoengsao, Chon Buri, and Rayong, as well as to encourage private sector to participate in human resource development. As EEC development is part of the policy to drive Thailand towards Thailand 4.0, investors in the targeted activities located in designated areas or in promoted industrial estates/industrial zones, or the investors involved in the human resource development in the EEC will enjoy additional tax incentives, apart from a standard tax package.
The document is a guidebook for applying for investment promotion benefits in Thailand published by the Board of Investment (BOI) for 2023. It provides an overview of eligibility criteria, policy framework, industry sectors and project types eligible for incentives. The guidebook aims to inform investors on the basic process for applying for benefits and includes details on rights, benefits, important criteria and application procedures. Investors can check for updates on eligible business categories or contact BOI for more information.
Thailand is introducing a new visa under "Long-Term Resident (LTR)" program, which provides a wide range of tax and non-tax benefits to enhance the country's attractiveness as a regional hub for living and doing business for "high-potential" foreigners.
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2. CONTENTS
BOI NET APPLICATION
JANUARY-JUNE 2019
758 468
TOTAL
INVESTMENT
TOTAL FOREIGN
INVESTMENT
MAJOR FOREIGN
INVESTMENTS
Unit: US$ = 30.54 THB as of 18 September 2019 (Bank of Thailand: Weighted - average Interbank Exchange Rate)
Note: Investment projects with foreign equity participation from more than one country are reported in the figures for both countries.
Statistics on net applications are adjusted whenever applications are returned to applicants due to insufficient information.
BOI NET
APPLICATION
02
COVER STORY
03
INDUSTRY FOCUS
05
SHORT ARTICLE
07
COMPANY INTERVIEW
08
BOI’S MISSIONS
& EVENTS
10
THAILAND ECONOMY
AT-A-GLANCE
11
ABOUT BOI
12
For more details, please see www.boi.go.th
Projects Projects
Million Million
JAPAN
114 Projects
US $1,390.11
Million
PEOPLE’S REPUBLIC OF CHINA
81 Projects
US $794.96
Million
SWITZERLAND
10 Projects
US $374.69
Million
NETHERLANDS
25 Projects
US $179.60
Million
TAIWAN
27 Projects
US $158.02
Million
AUSTRALIA
8 Projects
US $105.44
Million
SWEDEN
4 Projects
US $77.73
Million
VIETNAM
2 Projects
US $58.45
Million
US $7,616.57 US $4,818.89
FOREIGN INVESTMENT
BY TARGET SECTORS
DIGITAL
71
Projects Million
US $158.61
10
MEDICAL
Projects Million
US $33.17
AUTOMATION & ROBOTICS
4
Projects Million
US $24.23
29
PETROCHEMICALS
& CHEMICALS
Projects Million
US $395.91
BIOTECHNOLOGY
3
Projects Million
US $47.90
40
AUTOMOTIVE
Projects Million
US $900.95
AGRICULTURE
& FOOD PROCESSING
32
Projects Million
US $132.38
AEROSPACE
1
Project Million
US $10.02
TOURISM
7
Projects Million
US $268.63
ELECTRONICS
55
Projects Million
US $971.68
6 7 8 9 10
SINGAPORE
57 Projects
US $246.69
Million
HONG KONG
32 Projects
US $249.35
Million
1 2 3 54
3. LEVERAGING THAILAND’S FOOD
INDUSTRY THROUGH AGRI-FOOD
SYSTEMS TRANSFORMATION
Thanks to its abundant supply of
raw materials, Thailand is a leading
producer and exporter of major
food and agricultural commodities.
Currently ranked 12th
among food
exporters worldwide, Thailand aims
to become a top five food exporter
within the next 20 years. Following
strong growth in 2017 and early 2018,
the International Monetary Fund (IMF)
noted that the global economic
slowdown in the second half of 2018
affected major economies. Nonetheless,
Thailand’s food industry has maintained
its growth momentum due to increases
in domestic demand for commodities
and public infrastructure investments.
The Office of the National Economic
and Social Development Council
(NESDC) reported in the first quarter of
2019 that Thai agricultural production
grew 0.9 percent, improving from an
increase of 0.7 percent in the fourth
quarter of 2018.
FROM AN AGRICULTURAL
POWERHOUSE TO A LEADING
FOOD INNOVATOR
As an internationally recognized
supplier of a wide variety of food
commodities, Thailand’s agriculture
and food processing sectors are highly
competitive and have the capacity to
produce innovative and high-value
products at competitive costs. The
Thai government’s current areas of
focus include sustainable resource
management, product safety, logistics,
research and development, and
innovation. The NFI reports that
in 2018, Thailand was the world’s
leading producer of cassava products
The food industry has long been considered one of Thailand’s leading economic sectors and it is
a key contributor to the Thai economy. The country’s ample resources, combined with internationally
recognized quality and safety standards, has enabled the food industry to play a dynamic role in the
country’s development, particularly in GDP growth and job creation. According to the National Food
Institute (NFI) and National Statistics Office of Thailand (NSO), Thailand’s food and agriculture industry
generated approximately US $30 billion in 2018, 5.7 percent of the country’s GDP, and employed around
12.5 million people.
03THAILAND INVESTMENT REVIEW
Cover Story
4. Cover Story
(91 percent of world exports), canned
tuna (32 percent of world exports),
and canned pineapple (35 percent of
world exports). In addition, Thailand
is the second largest exporter of
rice (23 percent of world exports)
and sugar (13 percent of world
exports). The Kingdom is strategically
positioned to become the region’s
food innovation hub due to its strong
economic base, competitive workforce,
strategic location, and expanding
infrastructure.
A GLOBAL
FOOD INNOVATION HUB
In an era of ever-changing technological
advances, new innovations, and consumer
behavior trends, the food industry is
being transformed by not only the
macro-social shaping of demand,
which has become more sophisticated
than ever, but it is also affected by
ongoing research and advocacy to
improve nutrition and meet consumers’
growing awareness of healthy living.
To meet global shifts, Thailand has
adopted national strategic roadmaps
to foster innovation and boost
productivity in the food industry.
The NFI has implemented a 20-year
National Food Industry Development
Plan (2017-2036) to enhance the
country’s competitiveness, develop
expertise, improve infrastructure,
facilitate industry cooperation, and to
create an enabling environment for
Thai SMEs to connect with the global
supply chain.
Strengths in R&D and Innovation
Thailand has a strong network of
supporting organizations, supportive
government policies, and attractive
investment incentives and opportunities.
To strengthen the competitiveness of
Thailand’s food industry and to shift
from an industry-based economy to
an innovative economy, the Thai
government has identified the food
and agricultural sector as one of
the targeted industries under the
Thailand 4.0 initiative. Thailand Food
Innopolis, a global food innovation
hub, was launched in 2016 at the
Thailand Science Park to support food
industry businesses with advanced
technology, research and development,
and industry links.
OPPORTUNITIES FOR
INVESTMENT
Food Processing Segment
The food processing segment in
Thailand has specialized expertise
in producing functional foods, halal
foods, packaged food, food seasoning
and ingredients, processed seafood,
and premium products. In 2018,
processed food exports accounted
for around 55 percent of the nation’s
total food exports. The Thai food
processing segment is evolving in
response to the demand for premium
food products. There were over
10,000 food processing companies
operating in Thailand in 2018, and
the number will continue to grow.
The main export markets for Thai
processed foods are the United States,
Japan, and the European Union.
Food Safety and Standards
The food industry in Thailand produces
high-quality products that meet evolving
global standards while simultaneously
maintaining highly efficient approaches
to food manufacturing and developing
sustainable and environmental production
practices. Therefore, Thailand’s growing
food industry presents tremendous
opportunities for investors in numerous
areas. High-potential areas for expansion
include high-tech food ingredients,
food seasoning, organic products, and
dietary supplements.
ATTRACTIVE
INVESTMENT INCENTIVES
The BOI provides a range of tax and
non-tax incentives for investors seeking
to establish businesses focused on the
manufacture or preservation of food,
beverages, food additives or food
ingredients using modern technology.
Tax incentives
Investors may apply for tax-based
incentives like exemption from import
duties on machinery and raw materials.
Projects involving biotechnology,
manufacture of active ingredients from
natural raw materials, manufacture of
medical food or food supplements,
and product sterilization services may
obtain up to eight years of corporate
income tax exemption. Projects in
the Food Innovation Industrial Zones
(Food Innopolis) may also receive
this exemption.
Non-tax incentives
Non-tax incentives include permission
to bring in expatriates, permission to
own land, and permission to take or
remit foreign currency abroad.
04 THAILAND INVESTMENT REVIEW
5. Thailand’s rich natural resources
and favorable climate make a strong
performer in global food production.
In fact, Thailand ranks 12th
in global
food exports, which contributes
approximately US $30 billion in 2018.
This number is expected to increase
by 10% in 2019, according to National
Food Institute (NFI). The largest
export markets in 2018 were to Asian
countries. Neighboring Cambodia, Laos,
Myanmar and Vietnam account for
15.1 percent of the total market. The
next largest export markets are Japan
(12.8 %), China (10.7 %), the US (10 %),
Oceania (9.1 %), and Africa (9.1 %).
There is a huge investment opportunity
to apply technology and innovation
to improve labor efficiency and yield
of the Agri-food sector. In fact, “One
third of the Thai workforce participates
in the agriculture and food industries,
but these industries account for only
5.7 percent of GDP.” said Assistant
Professor Dr. Akkharawit Kanjana-Opas,
Deputy Secretary of National Science
Technology and Innovation Policy
Office (STI) and CEO of Food Innopolis,
in an interview with BOI.
ROOM FOR SUSTAINABLE
GROWTH
Can Thailand maintain its position as
a leading nation in agricultural and
food supply? Thailand has a number
of key advantages for food industry
development and investment that, if
harnessed, could propel the country’s
growth in these sectors. Thailand is
ideally positioned to be a leader in
food production due to its abundance
of natural resources—including rice,
palm oil, cassava, and sugar—and its
location in the heart of Southeast Asia.
Thailand’s membership in ASEAN
and its positive relations with other
Asian countries open a door to more
than 640 million consumers. A complete
transport infrastructure and services
serves as economic gateways to the
region. Thailand also boasts a skilled
workforce that providing competitive
advantage in terms of quality and cost.
It is essential for Thailand to leverage
these valuable resources to produce
value-added products that respond to
mega trend and changing consumer
behavior. R&D is a key to enhancing
and maintaining competitive edge and
developing the sustainability of the
food industry. The government has
designated the food industry as one of
its targeted sectors, high-potential
industries selected for investment and
development promotion. To strengthen
FOOD INNOPOLIS:
ADVANCING
TECHNOLOGY AND
INNOVATION IN THE
AGRI-FOOD SECTOR
Industry Focus
Thailand’s position as a global food
supplier, the government created a
food industrial park known as Food
Innopolis to boost R&D and increase
investment through science, technology
and innovation.
FOOD INNOPOLIS – ONE-STOP
SERVICE WITHIN 24 HOURS
Food Innopolis is a global food
innovation hub offering expertise in
science, technology and innovation.
It is located at Thailand Science Park,
Pathumthani province, which is just 48
kilometers away from Bangkok. Food
Innopolis is an innovation community
center covering an area of more than
200 rai, and is fully equipped with
excellent infrastructure, rental space
for business purposes, and facilities for
research, development and innovation.
It is dedicated to meeting the needs
of regional and global investors and
facilitating their investment journey
in the food industry in Thailand.
Apart from a food research center, it is
providing consultation and coordination
05THAILAND INVESTMENT REVIEW
6. across organizations in order to enhance
ease of doing business, especially for
foreign investors. “Whatever challenge
a company is facing, just come to
us, and we will resolve it within 24
hours.” said Assistant Professor Dr.
Akkharawit Kanjana-Opas. Services
available through the park include
assistance in securing qualified human
resources and expert advice on the
laws and regulations of the food and
drug industry in Thailand.
Strong collaboration with universities,
advanced research institutes and
large food companies is a key factor
in attracting foreign direct investment,
according to Assistant Professor
Dr. Akkharawit Kanjana-Opas. A large
pool of professional workers between
public and private institutes within
food research and development
generally makes the ventures more
attractive to foreign investors.
There are currently 36 investors
collaborating with Food Innopolis.
One third of the investors are from
the Japanese food industry, who
recognize Thailand’s potential and
the opportunities available in food
sector and a complete service in high
technology equipment offered by
Food Innopolis.
ACTIVE COLLABORATION
- A STRATEGY TO MOVE
FORWARD
Improving ease of doing business
in Thailand is a key focus for the
food industry. Food Innopolis is
partnering with both public and
private sector networks around the
country to disseminate advanced
innovation technology to SMEs and
start-ups, which account for more
than 90 percent of the sector. To
this end, Food Innopolis has created
seven more extension sites through
Industry Focus
partnerships with leading academic
institutions, including Kasetsart University,
Chulalongkorn University, Mahidol
University, King Mongkut University
of Technology Thonburi in Bangkok,
Chiang Mai University, Khon Kaen
University, and Prince of Songkhla
University. Each of these extensions
specializes in different area of research
and innovation. For example, Kasetsart
is specialized in food safety and
functional ingredients while Prince
of Songkhla is working to develop
seafood and Halal foods.
To enhance the partnership, the Food
Innovation and Regulation Network
(FIRN) was founded in Bangkok
through a collaboration between
the Food and Drug Administration
of Thailand, the Ministry of Public
Health, and the Food Science and
Technology Association of Thailand.
FIRN functions as a central hub for
communication and provides training for
private sector companies, government
agencies, start-ups and entrepreneurs
interested in functional food.
HOW COMPANIES
CAN RECEIVE SUPPORT
In keeping with government policy
encouraging expansion in high value-
added food products, Food Innopolis is
partnering with the Board of Investment
(BOI), to promote investment in R&D
for food production. Investors who
promote food innovation business
through leveraging useful resources of
Food Innopolis can receive both tax
and non-tax incentives. For example,
investors can receive import duty
exemptions on necessary machinery,
up to eight years of exemption from
corporate income tax without cap,
and a 50% reduction of corporate
income tax for an additional five
years. BOI also offers a package to
entice foreign nationals to develop
R&D in the food industry in Thailand
in order to support an exchange of
knowledge between local, regional
and international food industry experts.
Foreign investors developing R&D
labs and other related services in
the food products sector can receive
incentives including the ability to own
land and to receive support with visa
and work permits to facilitate living
and working in Thailand.
Government policy regarding this
food innovation industry, combined
with BOI incentives to attract foreign
investment, will improve ease of doing
business in the food industry, expedite
a linkage between manufacturing
and innovation, and support the
development of personnel resources.
06 THAILAND INVESTMENT REVIEW
7. Thailand’s food industry is welcoming
foreign investors as it strives to
enhance its capacity and rise to
become one of the world’s major
high-value food exporters. Thailand is
particularly interested in collaborations
with other countries in terms of
manufacturing technology, research,
innovation and cross-border trading.
Further collaboration with Japan,
already one of Thailand’s strongest
trading partners, has positioned the
food industries of the two countries
for a bright and lucrative future.
LONG-TERM PARTNERSHIP
Japan has been one of Thailand’s
largest trading partners for decades,
with a total trade value of US $60.19
billion in 2018, an impressive 11.22
percent increase from the previous
year. The two countries are each
other’s top trading partners in the
food industry, with the National Food
Institute of Thailand reports than an
average of 13 percent of Thai food
products have been exported to Japan
over the last three to four years. The
food trade value between the two
countries is worth as much as US $4.7
billion and is expected to grow.
MOU BOLSTERS COOPERATION
Strong cooperation between Thailand
and Japan has been developed on
all levels, ranging from collaboration
between governments to exchange
between SMEs. Agreements have been
signed with local Japanese administrative
bodies called prefectures, which can
serve as hubs for innovative industry
and technology.
Mie Prefecture is home to numerous
advanced manufacturers. Its active
manufacturing industries are a hub for
a wide range of advanced technologies,
including in food-related fields such
as biotechnology, advanced plant
breeding and agro-food. This innovative
prefecture has collaborated with
Thailand for years through the Ministry
of Industry (MOI). In July 2018, BOI
and Mie Prefecture took a step forward
by signing a memorandum of
understanding on close cooperation
in food processing technology. This
MOU initiated an expansion of Japanese
investment in Thailand’s food processing
sector, as 30 Mie-based firms from
diverse sectors invested in Thailand
in 2018.
THE MIE-THAILAND
INNOVATION CENTER
The MOU, the first technological
cooperation agreement between Japan
and Thailand in food processing,
resulted in the Mie-Thailand Innovation
Center. The Center was officially opened
Short Article
in November 2018 at Thailand’s National
Food Institute (NFI) in Bangkok.
A food processing machine valued at
US $232,025 was transferred to NFI
by Japanese firm Suehiro Epm Corp
in order to support research and
prototyping activities.
The Mie-Thailand Innovation Center
aims to advance the quality, standards
and innovative capabilities of the
Thai food manufacturing sector.
The partnership works to enhance
Thailand’s food industry through
knowledge transfer, Thai-Japanese
business networking, and human
resources development based on
curricula from the Mie Industry and
Enterprise Support Center for HRD.
WHAT’S NEXT
The Mie-Thailand Innovation Center will
connect with the Industry Transformation
Center (ITC), a government agency
responsible for transforming Thai
industry to align with the Thailand 4.0
model. The Center is an impressive
example of how strong collaboration
between two countries can create
mutual benefit through knowledge
and skills transfer. The relationship
between Japan and Thailand will
continue to grow and flourish through
future investment and exchange.
MIE-THAILAND INNOVATION CENTER:
A PROSPEROUS COLLABORATION
07THAILAND INVESTMENT REVIEW
8. Company Interview
OTSUKA-PEOPLE CREATING
NEW PRODUCTS FOR BETTER
HEALTH WORLDWIDE
Otsuka Group was founded in
1921 as a chemical compound
factory in Naturo, Tokushima
Prefecture, Japan, and has since
grown and expanded into Otsuka
Pharmaceutical Factory Inc.
Otsuka recognized the tremendous
potential of the Southeast Asian
market, with its growing number
of patients looking for quality
products at affordable prices,
and made its first joint venture
in Thailand in 1973. The venture
was initially formed to import and
sell intravenous (IV) solutions,
and the company now enjoys
approximately 40% of the market
share for saline solution in Thailand.
Moreover, Otsuka ranks among
MR.SHINSUKE YUASA
•
PRESIDENT OF
THAI OTSUKA
PHARMACEUTICAL
CO., LTD.
the top producers of medical food,
medicaldevices,andpharmaceuticals.
Thai Otsuka’s portfolio focuses on
medical food as a key driver of growth.
In 2016, an investment of US $44
million in a second saline and
nutraceutical plant paved the way for
growth in the Thai clinical nutrition
industry. Thai Otsuka currently holds
20% to 30% of the total market share
in the medical food industry in Thailand
which is valued at US $96 million in
2018. Otsuka is expanding operations
in Thailand in order to create a regional
production base to serve market
opportunities in neighboring countries,
such as the Vietnam, Cambodia, Laos,
Myanmar, Japan, Taiwan, Hong Kong,
Pakistan, the Philippines, Indonesia
and Malaysia. Thai Otsuka forecasts
that the proportion of sales from
exports is going to rise to 25%
over the next few years, up from
15% now.
WHY THAILAND?
According to Mr. Wattanachai
Itsarasenarak, BIV and CN Business
Division Director, the key factor
that drove the Otsuka Japan-
Thailand joint venture is Thailand’s
strong demand and potential
for future regional growth. Thai
Otsuka has predicted that the
market for medical foods and
pharmaceuticals will rise due in
part to the rapidly aging societies
of Thailand and its neighbors.
Thailand is home to an unparalleled
variety and quality of raw materials
that facilitate its growth as a
medical food producer. These
natural factors, combined with
Thailand’s commitment to research
and design, have enabled Thai
Otsuka to become one of the leading
pharmaceutical companies in
Thailand. A talented pool of local
Thai personnel also enhances
Thailand as a premier investment
destination for the medical food
and pharmaceuticals industries.
Manufacturing quality products
at reasonable prices has allowed
Thai Otsuka to succeed on both
national and international levels.
08 THAILAND INVESTMENT REVIEW
9. Company Interview
Mr. Wattanachai also explained that
supportive policies by the Board of
Investment (BOI) were a key factor
in Otsuka’s decision to invest US
$44 million in building the medical
food plant. Government policies
designed to propel Thailand to the
forefront of cutting-edge industries
such as the food innovation industry
create confidence in Thai Otsuka
as it prepares for its next stage of
growth in Thailand.
EXCELLENCE THROUGH
PARTNERSHIP WITH THAI
MEDICAL PROFESSIONALS
Thai Otsuka has cooperated with
Food Innopolis, a leader in food
innovation, food science and business
development in Thailand, on its mission
to create new and high-quality products
through continuous research and
development. Through Food Innopolis,
apart from BOI incentives, investors
are also eligible for additional incentives,
including 300% corporate income tax
deduction for technology and innovation
research and development expenses,
as part of a supporting package from
the Ministry of Higher Education, Science,
Research and Innovation
Strong partnerships with Thai physicians
from a leading university such as
Siriraj and Ramathibodi hospitals has
facilitated knowledge share and
the transfer of new technology.
Mr. Wattanachai discussed how
collaboration with professors of
clinical nutrition has advanced and
differentiated the medical food
products at Thai Otsuka. Customers
have responded particularly positively
to the tastes of products due to
in-depth research, such as blind
“Thai Otsuka’s
portfolio
focuses on
medical food
as a key driver
of growth”
taste tests, on consumer wants and
needs. Five research-based products,
including GEN-DM,NEO-MUNE,BLENDERA-MF,
PAN-ENTERAL and ONCE PRO, have
been listed on the Thai Innovation
List by the National Science and
Technology Development Agency
(NSTDA).The formulae at Thai Otsuka
have subsequently received recognition
from many foreign pharmaceutical
companies.
VISION FOR THE FUTURE
Aging-related products and services
are rising in demand and prominence
as a result of the growing aging
population in Thailand and neighboring
countries.Thistrendcreatesenormous
opportunities for Thai Otsuka, the
only domestic medical food producer
in Thailand. The total market value for
medical food is US $96 million and is
expected to grow approximately
20% in the coming year, up from
15% last year. Thai Otsuka controls
one third of the total market share
for medical food, and Mr. Shinsuke
Yuasa, president of Thai Otsuka,
explained how Thai Otsuka is
positioning itself to serve as a
medical food production base for
the Asian market. Mr. Yuasa noted
the great potential in exporting
to ASEAN members and Middle
Eastern countries, as exports are
targeted to increase by 25% next
year, up from 15%.
ATTRACTIVE INCENTIVES
FROM THE GOVERNMENT
The BOI recognizes the growing
potential of the medical food
industry and offers a wide range
of tax and non-tax incentives for
projects that align with national
development objectives. Projects
involving the production of natural
extracts, active ingredients from
natural raw materials, medical
foods, medical supplements, or
other knowledge-based activities
focusing on R&D that enhance
the country’s competitiveness may
receive a maximum of eight years
of corporate income tax exemption
without a limit on investment
capital. Other incentives include
exemption of import duties on
machinery and raw materials. If
fully utilized, these incentives will
drive Thailand to become a strategic
hub for food innovation both in
Asia and globally, making Thailand
the “Kitchen of the World”.
09THAILAND INVESTMENT REVIEW
10. BOI’s Missions and Events
INVESTMENT OPPORTUNITIES IN THE DIGITAL
SECTOR IN THAILAND, RUSSIAN FEDERATION
8-14 SEPTEMBER 2019 Mr. Narucha Ruchuphan,
Director of Investment Promotion Division 5 (Creative and
Digital Industries) presented on the topic, “Investment
Opportunities in the Digital Sector in Thailand” at the 20th
Anniversary of Russoft seminar. Russoft is the largest
association of software developing companies in Russia
with currently over 160 IT companies. The purpose of
the association is to increase capabilities of the software
industry in Russia by providing supports to software
products and services developers. The seminar attracted
over 70 potential Russian investors with interests to
explore opportunities in the Thai Digital industry.
DATA GLOBAL BUSINESS MEETINGS, SOUTH KOREA
24-27 SEPTEMBER 2019 Mr. Narit Therdsteerasukdi,
Deputy Secretary General of the BOI, together with
Ms. Vannipa Pipupchaiyasit, Director of the BOI office
in Seoul met with leading Korean Digital and Startup
companies, as well as companies in smart farming,
biotechnology, advanced chemicals and educational
institutes. Korean companies expressed keen interests
to invest in Thailand, as the regional hub for CLMV,
in particular the Digital and Smart Farming industries.
21-24 SEPTEMBER 2019 Mr. Apipong Khunakornbodintr,
Director of the BOI Guangzhou office, and a group of
delegates attended the “China-ASEAN Expo 2019,” with
over 2,000 companies exhibited. The event attracted
a large number of companies interested to invest in
Thailand. Furthermore, on 21 September 2019, Ms. Tanita
Sirisup, Director of International Affairs Division, attended
the 16th
CAEXPO Roundtable Meeting on Investment
Cooperation, which coincided with the exhibition. During
the meeting, ASEAN and China exchange information
on investment policies under the topic: New Vision for
China and ASEAN, New opportunities for Investment
Cooperation.
BELT AND ROAD SUMMIT 2019, HONG KONG
10-12 SEPTEMBER 2019 Mr. Chokedee Kaewsang,
BOI Deputy Secretary General, participated with more
than 100 companies exhibited from over 55 countries.
Mr. Chokedee presented on the topic, “Success through
Belt and Road: Best Practice and Success Case Sharing.”
The presentation provided insightful information for
investors looking to capture the tremendous potentials
from economies along the Belt and Road, where Thailand
is the golden bridge between China and ASEAN.
10 SEPTEMBER 2019 Mr. Narit Therdsteerasukdi,
Deputy Secretary General of the BOI welcomed a group
of Indian delegation led by H.E. Mr. Chutintorn Gongsakdi,
Ambassador, Royal Thai Embassy, New Delhi, Republic
of India. Mr. Narit presented on the topic, “Thailand’s
Investment Opportunities and Promotion Policies Update”
and discussed on investment opportunities in the Thai
Digital industry. Furthermore, Ms. Mukh Sriboonruang,
Executive Director – Investment and International Affairs
Group of the Eastern Economic Corridor (EEC) provided
an update on Infrastructure projects in the EEC. The
Indian delegation were interested to invest in the Thai
Digital Industry and the EEC.
4-5 SEPTEMBER 2019 Mr. Suthiket Thatpitak-Kul,
Director of Investment Promotion Division 1 (Bio and
Medical Industries) delivered a presentation at the
“Life Sciences: Pharmaceutical, Medical Food and Bio
Industries” seminar organized by Mr. Pariyes Piriyamaskul,
Director of the BOI Tokyo office and Ms. Patcharada
Nawakawongkarn, Director of the BOI Osaka office.
There were guest speakers at the seminar, including
Dr. Patcharaporn Wongsa, Special Mission Expert at
the Thailand Center of Excellence for Life Sciences,
Mr. Wittawat Viriyabancha, Pharmacist, Professional Level
at the Thailand Food and Drug Administration and Mr.
Shinsuke Yuasa, President of Thai Otsuka, presented at the
seminar. The seminar attracted over 200 participants
with the interests to invest in Thailand.
WELCOME
DELEGATION FROM
INDIA TO THAILAND
LIFE SCIENCES:
PHARMACEUTICAL,
MEDICAL FOOD AND
BIO INDUSTRIES
SEMINAR, JAPAN
CHINA-ASEAN EXPO
2019,PEOPLE’S
REPUBLIC OF CHINA
10 THAILAND INVESTMENT REVIEW
11. Thailand Economy at-a-Glance
US $506.2
1%
US $7,462
GDP
(2018)
BILLION
UNEMPLOYMENT
2018*
Source: NESDB
*Forecast under Source: NESDB, add Bank of Thailand
Source: IMF, International Trade Statistics, UNCTAD, World Bank Data 2018
Source: WEF, IMD and World Bank
Source: Ministry of Commerce
Source: United Nations and Ministry of Labor
INVESTMENT GROWTH
EXPORT VALUE GROWTH
HEADLINE
INFLATION
2019*
GDP PER
CAPITA
(2018)
GDP GROWTH
POPULATION
69.6
Million
MINIMUM WAGE
PER DAY
THB 325
$ APPROXIMATE
US $10.5
KEY ECONOMIC FIGURES CLMVT ECONOMY AT-A-GLANCE
1.1%
MARKET PROFILE 2018
THB
30.7
THB
38.6
THB
34.1
THB
28.6
THB
4.4
EXCHANGE RATES
(Data as of 18 September 2019) TAX RATES
2017
4.0%
2018
4.1%
2018
6.3%
2018
7.2%
2017
9.8%
CORPORATE
INCOME TAX:
20%
PERSONAL
INCOME TAX
35%
VAT
7%
WITHOLDING
TAX
1 - 10%
Source: The Revenue Department
Source: Bank of Thailand
Note: Baht/ 1 Unit of Foreign
Currency - Average Selling Rates.
JPY currency is for 100 Yen
2017
0.9%
EXPORT FIGURES
POPULATION
242
Million
FDI
52
US $ Billion
GDP GROWTH
8.2%
IMPORT
FROM THE WORLD
12.7%
(540 bil. US $)
EXPORT
FROM THE WORLD
9.9%
(535 bil. US $)
THAILAND IS THE EASIEST CLMVT COUNTRY TO DO BUSINESS.
INTERNATIONAL COMPETITIVENESS
TOP 10 INDUSTRIES
Motorcars and Parts
$13,987.9
Share 11.15%
Precious Stones
and Jewellery
$7,392.4
Share 5.89%
Refined Fuels
$3,801.4
Share 3.03%
Plastic Beads
$4,767.1
Share 3.8%
Machinery
and Parts
$3,703.8
Share 2.95%
Computers and Parts
$8,916.8
Share 7.11%
Rubber Products
$5,571.5
Share 4.44%
Electronic
Integrated Circuits
$3,738.2
Share 2.98%
Chemical Products
$4,045.7
Share 3.23%
Air Conditioner
and Parts
$3,164.8
Share 2.52%
TOP 10 MARKETS
USA
$16,326.7
Share 13.0%
Japan
$12,561.6
Share 10.0%
Australia
$5,028.5
Share 4.0%
Hong Kong
$5,858.5
Share 4.7%
Singapore
$4,488.9
Share 3.6%
China
$14,055.4
Share 11.2%
Vietnam
$6,252.2
Share 5.0%
Indonesia
$4,539.1
Share 3.6%
Malaysia
$5,385.4
Share 4.3%
India
$4,166.7
Share 3.3%
EXPORT VALUE
JANUARY-JUNE 2019 125,446.3 US $
MILLION
LEAST TIME
TO SET UP BUSINESS
FEWEST
PROCEDURES
HIGHEST RATING:
WORLD BANK EASE OF
DOING BUSINESS 2019
HIGHEST SCORE:
WORLD ECONOMIC
FORUM COMPETITIVENESS
INDEX
4.5 DAYS
5 STEPS
27TH
38TH
12. The Office of the Board of Investment
(BOI) is the principle goverment
agency that operates under the Prime
Minister’s Office for the purpose of
encouraging investment in Thailand.
We at the BOI serve as the professional
contact points for investors,providing
them with useful investment information
and services. We offer business support
and investment incentive to foreign
investors in Thailand, including tax
and non-tax incentives. A few non-tax
incentives include granting land
ownership to foreigners and facilitating
visas and work permits. Besides serving
the needs of overseas investors, we
also offer consultation services to
Thai investors who are interested in
investment opportunities abroad.
ABOUT BOI
LOS ANGELES
Thailand Board of Investment,
Los Angeles Office
Royal Thai Consulate-General,
611 North Larchmont Boulevard,
3rd
Floor Los Angeles
CA 90004, USA
Tel: +1 323 960 1199
Fax: +1 323 960 1190
Email: boila@boi.go.th
NEW YORK
Thailand Board of Investment,
New York Office
7 World Trade Center
250 Greenwich Street,
Suite 34F New York,
NY 10007, USA
Tel: +1 212 422 9009
Fax: +1 212 422 9119
Email: nyc@boi.go.th
FRANKFURT
Thailand Board of Investment,
Frankfurt Office
Royal Thai Consulate-General,
Investment Section
Liebfrauenberg
26, 60313 Frankfurt am Main,
Federal Republic of Germany
Tel: +49 69 92 91 230
Fax: +49 69 92 91 2320
Email: fra@boi.go.th
PARIS
Thailand Board of Investment,
Paris Office
8 Rue Greuze 75116
Paris, France
Tel: +33 156 902 600-01
Fax: +33 156 902 602
Email: par@boi.go.th
MUMBAI
Thailand Board of Investment,
Mumbai Office
Royal Thai Consulate-General
12th
Floor, Express Towers,
Barrister Rajni Patel Marg,
Nariman Point Mumbai
400021, India
Tel: +91 22 2204 1589
+91 22 2204 1590
Fax: +91 22 2282 1525
Email: mumbai@boi.go.th
OSAKA
Thailand Board of Investment,
Osaka Office
Royal Thai Consulate-General
Bangkok Bank Building,
7th
Floor 1-9-16 Kyutaro-Machi,
Chuo-ku Osaka 541-0056,
Japan
Tel: +81 6 6271 1395
Fax: +81 6 6271 1394
Email: osaka@boi.go.th
TOKYO
Thailand Board of Investment,
Tokyo Office
8th
Floor, Fukuda Building West,
2-11-3 Akasaka, Minato-ku,
Tokyo 107-0052 Japan
Tel: +81 3 3582 1806
Fax: +81 3 3589 5176
Email: tyo@boi.go.th
TAIPEI
Thailand Board of Investment,
Taipei Office
Taipei World Trade Center
Room:3E40 No.5 Xinyi Rd.,
Sec.5, Taipei110 Taiwan R.O.C.
Tel: +81 2 2345 6663
FAX: +81 2 2345 9223
Email: taipei@boi.go.th
GUANGZHOU
Thailand Board of Investment,
Guangzhou Office
Royal Thai Consulate-General
No.36 Youhe Road, Haizhu
District, Guangzhou 510310
P.R. China
Tel: +86 20 8385 8988
ext. 220-225
+86 20 8387 7770
(Direct Line)
Fax: +86 20 8387 2700
Email: guangzhou@boi.go.th
SHANGHAI
Thailand Board of Investment,
Shanghai Office
Royal Thai Consulate General,
No. 18, Wanshan Road,
Changning District, Shanghai
200336, P.R. China
Tel: +86 21 5260 9876
+86 21 5260 9877
Fax: +86 21 5260 9873
Email: shanghai@boi.go.th
BEIJING
Thailand Board of Investment,
Beijing Office
No.21 Guanghua Road,
Chaoyang District, Beijing,
P.R. China 100600
Tel: +86 10 8531 8755-57
+86 10 8531 8753
Fax: +86 10 8531 8758
Email: beijing@boi.go.th
SYDNEY
Thailand Board of Investment,
Sydney Office
Suite 101, Level 1, 234 George
Street, Sydney, NSW 2000,
Australia
Tel: +61 2 9252 4884
Email: sydney@boi.go.th
SEOUL
Thailand Board of Investment,
Seoul Office
#1804, 18th
Floor,
Daeyungak Tower 25-5,
1-ga, Chungmu-to, Junggu
100-706, Korea
Tel: +82 2 319 9998
Fax: +82 2 319 9997
Email: seoul@boi.go.th
JAKARTA
Thailand Board of Investment,
Jakarta Office
Royal Thai Embassy,
Jl. DR Ide Anak Agung Gde
Agung Kav. E3.3 No.3 (Lot 8.8),
Kawasan Mega Kuningan,
Jakarta 12950, Indonesia
Email: jkt@boi.go.th
HANOI
Thailand Board of Investment,
Hanoi Office
26 Phan Boi Chau Str.,
Hoan Kiem, Hanoi, Vietnam
Tel: +81 24 3823 5092-4
Email: hanoi@boi.go.th
BOI OVERSEAS OFFICES
www.boi.go.th
HEAD OFFICE, OFFICE OF THE BOARD OF INVESTMENT
555 Vibhavadi-Rangsit Road., Chatuchak, Bangkok 10900, Thailand
Tel: (+66) 2553 8111 Fax: (+66) 2553 8222 Email: head@boi.go.th
LOS ANGELES
NEW YORK PARIS
FRANKFURT
THAILAND
SYDNEY
GUANGZHOU
TAIPEI
SHANGHAI
BEIJING
OSAKA
TOKYO
SEOUL
JAKARTA
HANOIMUMBAI
STOCKHOLM
STOCKHOLM
Thailand Board of Investment,
Stockholm Office
Stureplan 4C, 4th
Floor
114 35 Stockholm, Sweden
Tel: +46 8 463 1158
+46 8 463 1174
Fax: +46 8 463 1160
Email: stockholm@boi.go.th