Article by: MEGA Tech
With a strong relationship where assistance and cooperation are provided from each other in order to encounter any obstacles throughout 14 years, the three organizations, including the Board of Investment of Thailand (BOI), Thai Subcontracting Promotion Association, and Intermach, share the same goal which is a mutual cooperation for promoting, supporting, transmitting knowledge, offering consultation, and acting as the business consultant regarding an investment for Thai entrepreneurs in various industries. In addition, their aims are development and enhancement of entrepreneurs’ potential to increase the strong growth and for preparation and advancement of capability in a production sector for global competition with full dignity.
For Intermach 2021 to be held within 13-15 May at BITEC Bangna, MEGA Tech hereby acts as the medium in interviewing the key executives of the three organizations in order to publicize and invite all readers to participate in this event. In this regard, it is deemed a good opportunity in an appropriate time for learning and preparing for adaptation and opening for the new business chances and strategies where the competitive capability in an industrial sector can be enhanced and increased in the new normal era without limitations.
Roles and Directions of Thai Enterprise Development Division, The Board of Investment of Thailand (BOI), and Supporting Industry Sector
Director, Thai Enterprise Development Division Thailand Board of Investment (BOI)
Mr. Punlop Punyasiri, Director of Thai Enterprise Development Division, explained about the background of the Thai Enterprise Development Division as follows. “Due to BOI’s organizational restructuring, 2 divisions – the BOI Unit for Industrial Linkage Development (or previously known as BUILD) and the Thai Overseas Investment Promotion Division were combined to integrate their functions and renamed to the “Thai Enterprise Development Division.” The new division focuses on developing and supporting Thai enterprises. Particularly, industrial linkage is promoted between Thai entrepreneurs and large companies, both Thai and foreign ones, for purchasing parts domestically instead of importing. As for Thai overseas investment promotion, potential Thai enterprises are supported to invest overseas, such as in CLMV countries and emerging countries including South Asia, Africa, and the Middle East. In addition, our division puts emphasis on developing subcontracting industries and entrepreneurs’ supply chains in strong existing industries with high potential, such as automobiles and electronics. We also aim to support target industries, such as rail, digital, medical equipment, and modern vehicles, etc. The division’s goal is to raise the competitiveness of Thai supporting industries for competing in the global market.”
Mr. Punlop further mentioned about the important roles of the Thai Enterprise Development Division that, “Approximately 1,500 projects, including those from large companies, filed for investment promotion in 2020 and provided a great opportunity for Thai enterprises. For example, ‘Great Wall Motor’, a large Chinese automotive manufacturer, and Mitsubishi Motors have been approved to set up electric vehicles (EV) manufacturing factories. Major electric and electronics manufacturers are also reallocating their productions to Thailand. There has been an exponential growth in the digital industry after the Coronavirus disease (COVID-19) outbreak. Hence, Thai enterprises, especially those in Tier 2 or Tier 3 should adjust and develop their businesses for the supply chain of these industries.”
“Target Buyer Groups BOI invited for Subcon Thailand 2021”
“Subcon Thailand 2021 is our big annual event. It serves as an important channel to exhibit the potential of Thai supporting industries and a center for purchasing industrial parts in the ASEAN region. The main target industries of the event are the strong existing supporting industries in Thailand, such as automotive buyers, electronics, electrical appliances, machinery and metal, plastics, etc. Meanwhile, the target groups expand to other industries with high potential and competitiveness in Thailand, such as rail, medical, modern automotive, digital, automation, agricultural and agricultural processing industries, etc.”
Mr. Punlop concluded with high hope that “In Subcon Thailand 2021, we expect to see at least 1,300 pairs of business matching and linkage worth more than 5,000 million baht.”
The association provides assistance and potential development and business linkage promotion for Thai enterprises in the industrial sector during the outbreak of COVID-19
President, Thai Subsontracting Promotion Association
Mr. Kiattisak Jirakajonvong, President of the Thai Subcontracting Promotion Association, mentioned about the association’s roles and responsibilities that “More than 90% of the 400 member companies in the Thai Subcontracting Promotion Association or briefly referred to as Thai Subcon are manufacturers in the automotive industry. During the COVID-19 outbreak, the members have been greatly impacted. Some companies received zero income but had to bare expenditures to keep their business. The association acts as a mediator among the members and different public and private agencies. We work hard to assist our members in reaching out to new industries with assistance from chairmen of the five industrial clusters, including 1) rail industrial cluster 2) medical devices industrial cluster 3) aviation and logistics industrial cluster 4) defense industrial cluster and 5) automation industrial cluster. The association has approached various related agencies in the 5 Thai industrial clusters to transfer technology, jointly create jobs, and reduce imports. For example, during the COVID-19 outbreak, the auto parts manufacturers have started to produce medical devices, such as PAPRs that purify air from the COVID-19 virus for healthcare personnel, or some medical disposable consumables that previously must be imported, etc.”
What are the highlights of the association’s exhibition in SUBCON THAILAND this year?
Thai Subcon Association plans to exhibit the production potential of Thai enterprises to relevant agencies, both in public and private sectors. Such potential includes the workmanship and product quality in the 5 industrial clusters mentioned above, including 1) rail industrial cluster 2) medical devices industrial cluster 3) aviation and logistics industrial cluster 4) defense industrial cluster and 5) automation industrial cluster. The Thai people’s world-class capabilities and competitiveness will be on display. Participants of the Subcon Thailand 2021 will see samples of work pieces and production technology by Thai people in the 5 S-Curve industries. If you are interested in being a part of the clusters with the Thai Subcon Association, please come and join us at Subcon Thailand 2021, which will be held on May 13-15, 2021, at BITEC.
SUBCON THAILAND 2021 under … THE GLOBAL’S SOURCING EXCELLENCE
Deputy Managing Director, Informa Markets
Mr. Sanchai Noombunnam, Deputy Managing Director of Informa Markets, stated that, “The Intermach 2021 and the ‘Subcon Thailand’ this year are held under the concept of ‘THE GLOBAL’S SOURCING EXCELLENCE’. The events serve as ASEAN’s premier quality industrial parts exhibition center and business matching activities. Producers and buyers can benefit from this platform by meeting with new business partners or recruiting industrial parts manufacturers. However, due to the on-going COVID-19 global outbreak, participants of the event and buyers from many countries may have restrictions on traveling to attend. Therefore, the organizer plans to hold the event in a hybrid format – holding the event in a hall and online. The Business Matching Program allows attendees to make an appointment in advance and meet online through a video conference system from anywhere.
In addition, Informa Markets, the world’s leading industrial event organizer, will be paying attention to the safety of our exhibitors and attendees. Screening measures and procedures as required by the government shall be implemented. This practice ensures the safety and effective hygienic care of exhibitors and attendees. Informa AllSecure standard procedures will also be applied for everyone’s maximum safety.”