BoI: 522 special investment applications
- Published: 6/12/2012 at 03:50 PM
- Online news:
A total of 522 investment applications under a special investment promotion scheme to promote sustainable development were submitted to the Board of Investment (BoI) between April 2010 to October 2012, the BoI said on Thursday.
The combined investment costs of the applications totalled 610 billion baht.
Term of the BoI’s special investment promotion programme is scheduled to end on Dec 31, 2012.
Of the total applications, 239 were energy saving and alternative energy development projects, with a combined investment cost of 429 billion baht, and 236 investment projects to use high technology, worth 162 billion baht, the source said.
The remaining included 42 projects to changed machineries for energy saving and reduce impact on environment, with a total cost of 16 billion baht, and 5 projects to produce environmentally friendly products, with a combined worth of 1.42 billion baht, the source added.
This showed that the BoI’s policy to promote investment projects for sustainable development was successful ad was working satisfactorily, the board statement said.
For the BoI’s post-flood investment promotion plan, 136 applications, with a total cost of 113 billion baht, were received from flood affected manufacturers seeking investment privileges.
In addition, 22 applications to place investment in the flood-hit areas, with a combined worth of 9.99 billion baht, were also submitted to the BoI.
Two applications, with a total worth of 605 million baht, were submitted to the BoI under its scheme to encourage companies getting approval for investment privileges to list in the Stock Exchange of Thailand and the Market for Alternative Investment (MAI).
The BoI’s scheme to promote investment in the three southernmost border provinces received four applications for privileges with a total value of 285 million baht.
The Boi’s promotion schemes which expire at the end of this year include the investment promotion for sustainable development, tax measures to restore the investment climate after the great flood late last year, investment promotion for the companies getting approval for investment privileges to list in the capital market, and investment promotion in the three southernmost border provinces.
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- Writer: Online Reporters
Position: Online Reporters