BOI investment applications grow in December despite flood crisis

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BANGKOK, Dec 28 – Thailand’s Board of Investment (BoI) on Wednesday announced that the number of projects applying for investment promotion status continued to grow in December despite the recent flooding, Thailand’s worst in decades, which submerged and entirely shut down seven industrial estates.

BoI secretary-general Atchaka Sibunruang said the number of projects applying for investment privileges in December has risen with a total invesment value of Bt50 billion.

The total value of investment applications in 2011 reached Bt600 billion, higher than BOI’s annual projected target of Bt500 billion, she said.

Meanwhile, Mrs Atchaka previewed preparation for the BOI Fair 2011, to be held Jan 5-20 at Impact Muang Thong Thani in Nonthaburi, under the theme “Going Green for the Future.”

So far, construction of all 42 pavilions was 90 per cent completed, except for the interior decorations.

She also said that automotive companies are interested in the event, and have become the event’s biggest participant group. The fair will showcase futuristic cars, a rescue robot and a maid robot.

Apart from showcasing innovations and advanced technology, the fair will feature specially-organised entertainment activities and the sale of goods at special prices to relieve flood-affected people.