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Development plan for robotics gets nod in Thailand

A three year reduction in corporate tax will be rolled out as an incentive to persuade manufacturers to use robots and automation

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Automated machinery on display at a trade fair in Bangkok. The Thai government wants to develop robotics as part of its Thailand 4.0 policy. Photo: Bangkok Post

By Chatrudee Theparat

Thailand’s cabinet has approved a robotics development plan as the state pushes to enhance a 200-billion-baht (US$6 billion) investment scheme for the industry over the next five years.

The cabinet also approved a slew of measures to support the development of robotics and other targeted industries to keep up with the Thailand 4.0 policy.

Industry Minister Uttama Savanayana said the measures are aimed at encouraging the manufacturing and service sectors to increase productivity through the use of robotics and automation systems.

Participating firms will enjoy privileges from the Board of Investment (BoI), including a 50 per cent reduction in corporate tax for three years, as long as the companies keep working in the related high-tech sectors.

The Finance Ministry will also allow participating firms to deduct 300 per cent of corporate tax for research and development expenditures.

The Budget Bureau aims to encourage state agencies’ efforts to integrate robotics into public services by supporting them through the procurement process.

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