BANGKOK, July 24, 2020 /PRNewswire/ — From January 2019 to June 2020, international and local investors have filed 116 investment promotion applications for food processing and drinks manufacturing projects in Thailand, representing a total value of 18.8 billion baht (ca. 600 million US dollars), the Thailand Board of Investment (BOI) states.
“Food experts at Thai Union’s Global Innovation Center rely on consumer insights and science to develop new products and processes.”
In the first half of this year alone, some 5.84 billion baht worth of investment applications were filed for the sector, despite the impact of COVID-19 on business, thus demonstrating Thai and international food companies’ confidence in Thailand’s resilient, innovation-focused food sector.
These new investments cover the manufacturing of products including seasonings, plant-based…