Board of Investment Paris Networking Meeting
Last Thursday 12th of May 2016, Juslaws & Consult (J&C) attended the Board of Investment Paris networking meeting at Subcon Thailand in Bitec (Bangkok). More than 40 French and Italian companies in the automotive and aerospace industry attended the event. Companies such as Continental, Ducati or TGM Tecnomachines discussed about their views on the future of the sector and the potential opportunities.
Regarding the aerospace industry, we must point out that the world aeronautic sector is experiencing a sharp growth with an estimated demand till 2023 of 30,770 aircrafts, which 13,460 will be delivered only in Asia. Thailand, due to its strategic location in the center of Asean, is targeting to become a hub for Airframe Maintenance Repair and Overhaul (MRO), Engine MRO and Component MRO. The development of the Airline Industry will follow a plan divided in 3 phases. Thailand offers attractive tax and non-tax incentives for this sector.
In the picture our partner Jose Herrera with the Director of BOI in Paris Mr. Choowong Tangkoonsombati, the Investor Promotion Officer Ms Souchitra Sassady-Abhay and the Trade Consultant of the Basque Government Business Development Agency in Singapore Mr. Ibon Iparaguirre today in Bangkok.
