Thailand BOI announces new incentives for investor retention, relocation, hydrogen vehicles.
In a follow up to its new five-year strategy released last month, the Thailand Board of Investment (BOI) announced tnew incentive packages including, for the first time, a set of special privileges to support expansion by long standing investors, a comprehensive relocation program covering headquarters as well as research and manufacturing facilities, and a first package for investment in sustainable activities such as the manufacturing of hydrogen vehicles and the setup of electric vehicle (EV) battery swapping stations.
The measures, approved at a meeting of the BOI board held, also include premium incentives for industries involving innovation and high technology such as biotech, nanotech, and advanced materials, support measures for the research and…