The National Nanotechnology Center (NANOTEC) of Thailand is hailing the decision by the Thailand Board of Investment (BOI) to characterize nanomanufacturing as a top priority business. The BOI designated it as a top priority business because it can bring greater benefits to the country and can boost Thailand’s position as an attractive investment destination. An investment promotion program for nanomanufacturers will include a number of incentives, such as: maximum incentives including exemption of import duties on machinery; 8-year exemption of corporate income tax, regardless of location; exemption of import duties on machinery; and, exemption of corporate income tax according to investment zones. Sirirurg Songsivilai, NANOTEC Executive Director, said “[T]his is a good example of how government initiated incentives can help boost the development of a young but vibrant technology. It is estimated that by 2015, the nanotechnology market may be worth more than $2.4 trillion, therefore, it is an inducement for Thailand to cash in on nanotechnology.” The article can be viewed online at the link below.
