South African delegates hear of Thailand's consistently adapted automotive support policy

Thailand has a national automotive industry policy committee, which includes private-sector and government representatives, that deliberates and then puts in place fixed-term incentives to drive private-sector companies to transition in the agreed-upon direction. This was informed by the effect that the local assembly of pickup trucks had on the country's automotive sector, in particular in driving the development of components and parts suppliers in the sector, Thammasat University Faculty of Economics Associate Professor Kriengkrai Techakanont told delegates attending a seminar hosted by industry organisation the National Association of Automotive Component and Allied Manufacturers and nonprofit initiative the Toyota Wessels Institute for Manufacturing Studies (TWIMS) on October 1.