Japanese have yen for eco-car

The outlook for Thailand's automotive industry is bright thanks to strong interest from Japanese auto-makers in investing in the government's eco-car project.                                                                                                                                                

Two of them, Nissan and Suzuki, are expected to propose their eco-car projects to the Board of Investment (BoI) this week. One of the BoI's conditions is that each manufacturer must invest at least Bt5 billion in the project.                                             

Honda's application for its eco-car project, with total investment of Bt6.7 billion, was approved by the BoI last month.                 

"It is a success, because these three projects will stimulate investment worth more than Bt100 billion in the automotive, auto-parts and other related industries," Industry Ministry permanent secretary Chakramon Phasuka-vanich said. He believed that there would be at least four companies interested in establishing eco-car production here, though he declined to name them.   

The Nation, Bangkok Post, 26.11.2007

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