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Thailand Industry – BOI investment on track for Bt 900bn

By on Apr 25, 2014 in Industrial

The investment promotion agency is confident of meeting this year’s investment target of 900 billion baht in spite of the political conflict.  Foreign projects seeking investment privileges surged by 28% in value in the first quarter of this year, according to the Board of Investment (BoI).

A breakdown revealed investment in a number of industries was expanding. The automotive, parts and machinery industry saw investment value jumping by 265% year-on-year to 157 billion baht in the first quarter, mainly thanks to the eco-car 2 project.  Investment in the services and utilities sector also rose to 31.40 billion baht, followed by petrochemicals, paper and plastics (23.20 billion) and the electronics and electric appliances (11.90 billion).  “Barring the eco-car 2 project, large projects worth a few billions to tens of billions of baht in value, applied for the privileges,” said Mr Udom, referring to electrical appliance, power plants, petrochemicals and metal products.

As for foreign direct investment in BoI projects during the quarter, Mr Udom said the total value rose 28% to 201.97 billion baht but project numbers fell 41% to 197.  Topping the list remained Japanese projects, with 61.13 billion baht in 96 projects, down by 45.4% and 30% respectively.

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