Industry Ministry set THB 500 bn of investing support by BOI

BANGKOK, 18 January 2010 (NNT) – The Industry Minister projected an investment value, to be supported by the Board of Investment (BOI), at 500 billion THB.

Industry Minister Chanchai Chairungruang stated that in 2010 the Ministry set the goal of investment support of 500 billion THB, proposed to BOI. With BOI cooperation, all factories would be categorized by its type along with the strict use of environmental measures. All manufacturers needed to arrange for the Environmental Impact Assessment and Health Impact Assessment in every project.

Mr Chanchai said that in the meeting of BOI this 25 January, the Ministry would propose to prolong the Investment Year measure for six months. The measure could help attract foreign investment, as obviously successful in 2009 at 720 billion THB. The investment value had broken the target of 323 billion THB or 80%.