Webpage on Business Opportunities in Thailand March 2008 Vol.3 No.3

'Investment Year' campaign imminent

The Industry Ministry is preparing to stage a ''Thailand Investment Year'' campaign to attract at least one trillion baht in investment in two years. Minister Suvit Khunkitti said yesterday that the monetary target represented commitments from both domestic and overseas investors.

The campaign would make more use of Board of Investment incentives to attract businesses to the country.

Non-tax privileges will also be needed, such as human resources development budgets, soft loans for machinery and equipment upgrades.

Petrochemicals, steel, automobiles and parts, electronics, food processing and alternative energy are expected to be the major focus of new investors.

Shipbuilding and businesses related to tourism are also considered a priority, according to the ministry.

Bangkok Post, 29.02.2008

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