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The Eastern Economic Corridor (EEC) has become a new destination where will draw the flows of manufacturing investment and workforce into the area. According to the Board of Investment (BOI), the new investment in EEC is worth more than 1,582,698 million baht (September, 2020). It is expected to exchange the knowledge, know-how, and technology especially robots and automation with these leading company giants. Plus, the government is eager to support 3 new industries such as Health Care Sector, Smart Logistics Sector, and 5G Technology Sector. It is expected to rise employment rate and create more than 470,000 jobs.
EEC to Attract More Foreign Investment!
Drive Manufacturing Sector through Robotics and Automation
Assoc. Prof. Djitt Laowattana, the founder of the Institute of Field Robotics (FIBO) at King Mongkut's University of Technology Thonburi (KMUTT) shares his vision toward 4.0 era that Robotics and automation will surely step in to empower Thailand’s manufacturing sector especially S-curve industries, SMEs will have to adapt themselves and to adopt more advanced automation technologies into their productions.
The government has various measures to encourage more companies to produce robots and automated systems with non-tax benefits and policies such as 8 year duty-free importation of machines and raw materials to manufacturers. Additional benefits will be extended to manufacturers located in the Eastern Economic Corridor (EEC).
The Board of Investments (BOI) supports manufacturers that renovate and upgrade their factories by allowing companies to completely deduct investment costs (100%) from their income over three years if they use at least 30% locally sourced raw materials/services/machinery. The automotives and electronics sectors have been the primary users of automotives and robotics in Thailand, but the food industry is starting to increasingly move in the same direction.
He recommends companies keen on upgrading their systems to evaluate whether they can see returns within the first year. If they can do so, they should immediately make the investment. The greatest concern he has are reserved for SMEs that do not have funds and the manpower to invest in such technologies.
“SMEs have to be open to receiving new information all the time. Most importantly, companies that are investing in the EEC or outside the EEC are often related to automated systems or Industry 4.0, so SMEs that are becoming a part of these companies’ supply chains will have to upgrade their own systems.”
With the mass-adoption of advanced robotics and artificial intelligence tools, it is undeniable that the opportunities for technologies providers are enormous. However, how can they effectively reach those new prospects?
The answer is here at Assembly & Automation Technology 2021 where will gather them all for you. The event is the leading platform where buyers and sellers meet each other. Your brand will be shining and outstanding in front of over 100,000 potential buyers.
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