ecognising that infrastructure is a basic need, deputy secretary general of the BOI, Ajarin Pattanapanchai, has said that plans for an aerospace industrial park will be announced soon.
The country is looking to encourage Tier 2 and 3 manufacturers of aircraft parts as it works on its ambition to move up the value chain, she explained. Incentives to encourage foreign investment include import duty exemption on machinery and raw materials, double tax allowance for utility bills, permission for foreign companies to own land and 100 per cent repatriation of money.
Maintenance, Repair and Overhaul (MRO) in Thailand is expected to take off, with Boeing estimating that the region’s airlines will need an additional 12,820 aircraft, valued at $1.9tn, over the next 20 years. That represents 36 per cent of the world’s new aircraft deliveries.
Thailand’s aircraft maintenance industry was valued at $637m in 2011 and saw a 20 per cent increase in the following years.
Reflecting Thailand’s growth in aviation, Suvarnabhumi airport transported 50.9 million passengers last year, making it the third busiest airport in ASEAN behind Indonesia’s Soekarno–Hatta and Singapore’s Changi Airport.
ecognising that infrastructure is a basic need, deputy secretary general of the BOI, Ajarin Pattanapanchai, has said that plans for an aerospace industrial park will be announced soon.
The country is looking to encourage Tier 2 and 3 manufacturers of aircraft parts as it works on its ambition to move up the value chain, she explained. Incentives to encourage foreign investment include import duty exemption on machinery and raw materials, double tax allowance for utility bills, permission for foreign companies to own land and 100 per cent repatriation of money.
Maintenance, Repair and Overhaul (MRO) in Thailand is expected to take off, with Boeing estimating that the region’s airlines will need an additional 12,820 aircraft, valued at $1.9tn, over the next 20 years. That represents 36 per cent of the world’s new aircraft deliveries.
Thailand’s aircraft maintenance industry was valued at $637m in 2011 and saw a 20 per cent increase in the following years.
Reflecting Thailand’s growth in aviation, Suvarnabhumi airport transported 50.9 million passengers last year, making it the third busiest airport in ASEAN behind Indonesia’s Soekarno–Hatta and Singapore’s Changi Airport.
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