Industry & Retail

Thailand Industry & Retail

Economic stability, comparatively well-developed infrastructure and competitive investment incentives have attracted a steady flow of financing to Thailand’s manufacturing sector from both foreign and domestic sources, resulting in one of the strongest manufacturing bases in the ASEAN region and the second-largest economy within the trade block. These investments – made initially in basic industrial areas such as auto manufacturing, simple electronics and food products – have laid the groundwork for future steps up the value chain, while also providing an export-driven stream of revenue for the government to provide further improvements to infrastructure and financial incentives. This chapter contains interviews with Kanit Sangsubhan, Secretary-General, Eastern Economic Corridor Office; Roongrote Rangsiyopash, President and CEO, SCG; and Markus Lorenzini, President and CEO Thailand, Siemens.