Eastern Seaboard sees record industrial investment in 2012

Friday, 01 February 2013 From Issue Vol. XXI No. 5 By  Thanachot Anuwan

Thailand’s Eastern Seaboard marked a new high in business investment during 2012, attracting 357.2 billion baht in capital with further growth expected in coming years.

Speaking at a Jan. 24 investment-strategy seminar at The Zign Hotel, Industry Ministry representative Prasert Bunchaisuk said the kingdom, as a whole, saw 1.46 trillion baht in new investment last year with the east leading the way with 768 new projects approved by the Board of Investment.

Board of Investment Secretary Udom Wongwiwatchai talks about the goals of the new investment strategies.Board of Investment Secretary Udom Wongwiwatchai talks about the goals of the new investment strategies.

The majority of investments were in automobiles, machinery, metal, petrochemical, paper, plastic, hospitality and public-utility industries.

Prasert said the government is continually developing new programs to boost and diversify investment, such as the “Thai Kitchen to the World” and “Thailand Fashion Destination” projects.

He sees future investment strategies shifting toward environmental research and clean industries. Investment in those sectors, he said, could match levels seen in 2012 in other industries.

Board of Investment Secretary Udom Wongwiwatchai said the goal of the new investment strategies is to increase the competitive capabilities of the country, elevate the supply chain, reduce fiscal burdens and improve service.

comments powered by Disqus
Terms of Service | Privacy Policy | Advertise With Us | About Us | Feedback | Contact Us