More factories opting for automationMs Duangjai says automation and robotic systems can save on production costs and increase competitiveness. The spread of the pandemic, economic difficulties and cheaper technology are likely to encourage industrial factories to apply more automation and robotic systems in their production. According to Duangjai Asawachintachit, secretary-general of the Board of Investment (BoI), automation and robotic systems can save on production costs and increase competitiveness for entrepreneurs. Promoted projects that upgrade to automation are eligible for an exemption on import duties for machinery and a three-year corporate income tax exemption on the revenue of existing projects. The corporate income tax exemption cannot exceed 50% of the investment capital, excluding the cost of land and working capital.

Source: Bangkok Post September 12, 2021 22:52 UTC