BOI in Thailand announced an industrial investment boost

Thailand has approved a 5 billion baht (approximately US$153 million) program to boost industrial competitiveness and train a new generation of skilled workers. 

The initiative marks the first time the Board of Investment (BoI) will offer direct financial support, rather than tax incentives. It is endorsed by the Commission on National Competitiveness Enhancement for Targeted Industries Policies and aims to develop at least 100,000 skilled professionals to support high-tech and next-generation industries. This measure falls under the government’s “Quick Big Win” strategy, which focuses on delivering quick, high-impact results to build investment confidence.

Under the plan, 30,000 university students and 70,000 current workers will participate in upskilling and reskilling programs in sectors like biotechnology, advanced agriculture, electronics, food processing and medical devices. Training will include bootcamps, internships and both onsite and online formats, with government funding available for curriculum development, evaluation systems and practical training.

“The measure to develop highly-skilled professionals for new-generation industries approved today, help strengthen international investors’ confidence in Thailand as a hub for next-generation investments, from agriculture and biotechnology to digital technology,” said BoI Secretary-General Narit Therdsteerasukdi.

A second initiative will support Thai entrepreneurs in upgrading manufacturing capabilities and enhancing supply chains to meet international standards. According to BoI, it will help strengthen local connections and attract more investment from global partners.

“Strengthening Thai entrepreneurs’ competitiveness can potentially result in stronger domestic supply chain linkages and lead to a higher volume of investment,” Narit added.

The new program from BoI is expected to help Thailand establish itself as a regional hub for advanced manufacturing and innovation, aligning the country’s workforce and industrial base with the future needs of industry.