The esteemed Commerce Minister, Phumtham Wechayachai, elucidated an innovative plan during the grand opening of the revered Thailand Smart City Expo 2023. This illustrious event is taking place at the renowned Queen Sirikit National Convention Centre, captivating attendees through to Friday.
Occupying the esteemed role of deputy prime minister in control of the economy, Phumtham ardently described the compelling vision of the smart city plan. This audacious initiative aspires to be more than a mere concept – it is firmly etched in the national agenda. This ambitious blueprint has its roots deeply inserted into the fabric of the 13th national economic and social development plan.
Leveraging Big Data in an unprecedented way, these savvy cities are poised to revolutionize public life like never before. The objective is clear – to relentlessly tackle common, everyday problems that people confront, creating a better living environment for all inhabitants.
With the clock ticking relentlessly forward, 36 municipalities spread across the scenic landscape of 25 provinces have earned their stripes as certified smart cities. With this accelerated progress, we’re well on our way to a brighter, more efficient future.
Tasked with fueling this remarkable evolution, the Digital Economy Promotion Agency (Depa) is collaborating with the Board of Investment. Their joint mission – to convince businesses to invest in these future-focused cities and catalyze the celeritous development of these smart metropolises.
Now, how are they sweetening the deal? For starters, a substantial reduction in corporate tax by a whopping 50% over a three-year period. Additionally, going the extra mile, businesses will see the total cost of goods and services procured through smart-city digital platforms being 100% tax-deductible. It’s an irresistibly attractive incentive that’s simply too good to ignore.
The expo is a treasure trove of advancements in smart city technology, showcasing ground-breaking innovations spanning across seven domains – telecoms, energy, everyday living, retail industries, mobility, environment, and healthcare. Each field pushing the boundaries to redefine what is possible in a smart city.
With offerings, insights and opportunities from such a diverse range of verticals, it’s no wonder this expo has emerged as the ASEAN’s premier trade show dedicated to cutting-edge smart city technologies and solutions. Dive in and explore a world where the future of urban living comes to life.
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