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Posted: Feb 03, 2011
Thailand's science and technology minister to lead team to nano tech 2011 Japan
(Nanowerk News) Thailand's Minister of Science and Technology H.E. Dr. Virachai Virameteekul and Prof. Dr. Sirirurg Songsivilai, Executive Director of National Nanotechnology Center (NANOTEC) will lead a team of officials from NANOTEC, Thailand Board of Investment (BOI), and Thailand Science Park (TSP) to Nano tech 2011 at Tokyo Big Sight to help boost research collaboration and promote nanotechnology investment. Nano tech 2011 is scheduled for February 16-18.
"By 2015, it is expected that the nanotechnology market may be worth more than $2.4 trillion therefore, it is important that Thailand keep up with the nanotechnology trend if we are to be competitive" said Dr. Virachai. "The Thailand exhibition at Nano tech 2011 will allow us the opportunity to meet with key nanotechnology players, inform them of available infrastructures conducive to business investment, and confirm our stance as an investor destination".
Prof. Sirirurg said that the Thailand Board of Investment (BOI) will also use this opportunity to announce it has revised investment promotion schemes to also cover production of manufactured nano-materials or products from nano-materials. The aim of this initiative is to encourage more use of high-technology in Thailand's manufactured nano-materials. This type of business will be categorized as a top priority business which brings greater benefits to the country.
The investment schemes will include:
Import Tax Exemption for Machineries
Corporate Income Tax Exemption for 8 Years.
50% Corp. Income Tax Reduction for 5 more Years after Tax Exemption Period Ends.
Work Permit and Visa Facilitation for Foreign Specialists and Researchers.
The Thai delegation will also meet with representatives from Japan's top research agencies such as RIKEN, NIMS, and AIST.