17 projects worth THB 78 mn receive incentives from Board of Investment

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BANGKOK, 16 September 2015  – The Board of Investment of Thailand (BOI) has agreed to provide incentives for 17 projects with combined investment value of more than 78 billion baht. 

BOI Secretary-General Hiranya Sichinai said after a BOI meeting chaired by Prime Minister Prayut Chan-o-cha that the 17 projects were expected to use raw materials worth more than 28.8 billion baht in Thailand. The projects are in agricultural, steel, automotive, electricity generation and aviation industries.

Over the past eight months, the BOI has approved incentives for 1,580 projects worth 620 billion baht, exceeding its goal for this year to assist 1,400 projects. The BOI’s target for the combined investment value of the 1,400 projects has been set at 1.4 trillion baht.