Asian country’s government-backed investment organisation talks up ‘Thailand 4.0’, highlighting the industrial robot manufacturing sector, where sales are forecast to increase by 133 per cent from 2,131 units in 2013 to 7,500 units in 2018 – and it’s offering huge tax breaks to achieve it
Thailand has been doing well as a result of globalisation, but with increasing attention to, and investment in robotics, the country is looking to further accelerate its development.
Authorities in the country have launched something they call “Thailand 4.0” – based on Industry 4.0 – which essentially refers to the greater levels of internet connectivity in the industrial sector.
Managing an economy today is not easy. But managing it for tomorrow? Now that’s a real challenge. It’s one that the government in Thailand is tackling head on, with a raft of new policies aimed at future-proofing its workforce and industry, particularly in the automotive, robotics, and aerospace sectors.
The measures, known collectively as Thailand 4.0, are centered on incentivizing foreign direct investment and nurturing innovation for 10 key future-focused industries.