The BOI recently updated two policies: producing animal fee and promoting Thailand as an aerospace cluster.
Keywords: Mazars, Thailand, Legal, BOI, Animal Feed, Aerospace Clusters
7 December 2016
The BOI recently approved a policy to promote Thailand as a centre for the manufacture of animal feed or animal feed mixes. Such manufacturers which were previously ineligible for investment incentives since December 2014 are now eligible for them. This will encourage these manufacturers to make Thailand a base for research and development of the production of animal feed in the region.
In addition, the BOI revoked the condition stating that aerospace clusters receiving BOI incentives must be located in one of the 14 provinces with an airport or near a shipping port. New large-scale and SME factories for aircraft parts no longer need to be located near an airport, but can provide parts to customers wherever they are located.