304 Industrial parks, in our opinion, have seen many developments in Thailand's economy. It ranges from labor-intensive to capital-intensive processes of manufacturing in Thailand. Understanding Thai geo-economics, we feel, will be advantageous to everyone who has worked in or is interested in investing in this fascinating country. In this article, we will take a broader look at the movement of the manufacturing business in Thailand in order to increase our understanding of the Thai industry, as well as areas that have the potential to become places that benefit from the development.
As the world's population grows, so does the number of changes. Depending on their nature, they may become visible sooner or later. Industrial transformation is one of the factors contributing to a rise in the number of resources required by humans. So far, there have been four macro-level shifts that have an impact on manufacturing and industrial operational approaches. Each country has its own name for the recent transformation, and Thailand uses the word “Industrial 4.0,” which translates to “Industry 4.0.”
There were three industrial revolutions prior to Industry 4.0. Each revolution's development and changes are as follows:
Industry 4.0, which is built on digital technology, is the result of a German national strategic effort. Germany is one of the world's industry leaders, able to anticipate shifting trends and sustain its manufacturing leadership position. The German initiatives of 2013 address many parts of the industrial sector that needs improvement. Information technology system, as well as information system among tools and state-of-the-art technology that satisfies consumers' demands better than before, has played an important role in the operation. This policy aims to support a changing world with a growing population. Additionally, it is to recognize diversity, prevent wasteful resource use, and meet the needs of all people.
Economics drives the “Industry 4.0”, which is a global policy. Following are the names by which it is popular in various nations:
Its goals include converting industrial manufacturing patterns to digital systems and linking different parties over the Internet to suit a wider range of needs.
The Thailand 4.0 strategic initiative, on the other hand, is a comprehensive approach of the Thai government to develop the domestic economy. They aspire to move from a moderate to a higher income rating for the country. Thailand is stagnant at this level, which is the “middle-income trap,” for more than two decades. In line with global trends, more technology, innovation, and digital systems will play a key role. Before Thailand 4.0, there were three economic transformations, whose brief descriptions are as follows:
The expansion of the Eastern Economic Corridor, or EEC, is another aspect of Thailand's Industry 4.0 initiative. This project benefits from its proximity to Bangkok, airports, and seaports. This makes transit more convenient. Chon Buri, Rayong, Chachoengsao, and Prachin Buri are among the provinces that are worth investing in. These provinces are bordered by the industrial estate and properties with top firms' manufacturing bases. Primarily, they are from the electronic and automotive industries, in addition to their advantageous location.
If you are seeking an industrial property to rent in this area, we would like to introduce 304 Industrial Park . It is in Prachin Buri and has a total area of almost 32,000,000 square meters. This industrial building is ideal for long-term holding. The total area of the Industrial Park is 1,920,000 square meters. It consists of a power plant with a producing capacity of 670 megawatts. Additionally, the reservoirs of the plant have a capacity of 40 million cubic meters.
Therefore, for a manufacturing business in Thailand, Thailand 4.0 or Industry 4.0 will yield great results for you. The progress will be in favor of your business, RoI, and sustainability. To register a manufacturing business in Thailand, email us at [email protected].