Top 6 Most Attractive Investment Industries in Thailand
If you are already planning to make an investment in Thailand, then I need not require to tell you how economically significant the country is. I am sure you already know about it. What I can suggest you are about some of the most attractive investment industries in Thailand.
- Automotive Industry
You will be amazed to know how big automotive industry in Thailand is. Out of 2.45 million cars that Thailand produced, 50% were exported, whereby making it one of the most attractive industries in Thailand. In fact, Thailand ranks 7th in the world for exporting vehicles. The best part about investing in this industry is the lower corporate tax rate (20%) initiated by the BOI.
- Gem and Jewelry
With exports valued at around USD 1.23 trillion in the year 2011, gem and jewelry are the second most attractive investment in Thailand. The country has some of the most highly skilled workers in this industry.
- IT Industry
Over years many IT industries have also set; up, the reason being an availability of ideal infrastructure and resources. If you are willing to start an IT company in Thailand, you can consider Bangkok.
- Smart Electronics
Thailand’s electronics industry has expanded continuously for three decades. This kingdom is ASEAN’s biggest production base in the electrical appliances industry. This sector has been seeing a steady growth in the past few years and it is expected to grow in the coming years.
- Robotics
The Thai government is offering investments and incentives to attract more robotics firms with the goal of building job prospects in servicing, designing and manufacturing new tools.
- Food Processing
To meet the trading needs of processed food products, the government in Thailand has transformed Thailand into the largest food trade and distribution center of Asia.
Now that you know about the growing industries, you can make an informed decision on which one to choose. Based on your interested areas and budget you can proceed with setting up the business.
