Thailand Seeks Tech Transfer to Boost Economy

Prime Minister Anutin Charnvirakul urged foreign investors to transfer technology to Thailand on October 24, emphasizing the country's potential as a regional distribution hub. The ASEAN market, with over 700 million people, was highlighted as a key opportunity for investment.

Anutin promoted Thailand's skilled workforce and transport links as major attractions for foreign investors seeking a strategic base for regional operations. He stressed the importance of infrastructure and logistics in supporting profitable ventures.

The call for technology transfer was part of Anutin's broader strategy to shift Thailand's economic focus from low-cost labor to high-value industries. This approach aims to foster long-term development and reduce reliance on basic assembly work.