Thailand Board of Investment

Thailand Gears Up for Food Production to Serve the World

BANGKOK, June 26, 2017 /PRNewswire/ -- The UN Food and Agriculture Organization projects the global population could swell to 10 billion in the next 50 years. Feeding that many additional people will require new technologies and practices that are scalable, profitable, and ecologically sustainable.

Logo - http://mma.prnewswire.com/media/527520/BOI_Logo.jpg

Thailand is stepping up to strengthen food supply with a generous investment program designed to cultivate innovation-driven projects. "Thailand 4.0" economic model offers generous incentives and tax exemptions to high tech companies that set up advanced manufacturing facilities in the country -- including agro-processing and food for the future.

Government outlays for agriculture across Asia in 2014
Country	Total value (billion dollars)
Republic of Korea	293.44
Indonesia	164.89
Thailand	89.21
Viet Nam	57.61
Singapore	46.16
Pakistan	45.34
Sri Lanka	13.86
Mongolia	3.48
Timor-Leste	1.36
Bhutan	0.53
Data: UN FAO Database, (Exclude Japan)

Alongside its internationally rated cuisine, Thailand is a farming powerhouse. Roughly 40% of its population works in the agricultural sector. The country's home-grown food processing industry ships a huge range of products (from seafood to energy drinks) to supermarket shelves across the globe. And it has pioneered technologies to increase yields for Asia-specific crops and staples.