Thailand shows bright future for auto, renewable energy business
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The Board of Investment (BoI) approved the investment privileges for 16 projects worth a combined of Bt32 billion, which most of them are in the automotive and renewable energy industries.
Wannarat Charnnukul, Industry Ministry, said seven projects out of 16 were the renewable projects, while another three are automotive enterprises. The project with the highest investment value provided the incentives is Jatco (Thailand), a Japanese manufacturer of automatic continuously variable transmission (CVT), with the investment cost of Bt9 billion. Jatco manufacturing plant, which is located in Amata Nakorn Industrial Estate, Chonburi province, has the production capacity of 515,000 units. This is the first production of its kind in Thailand.
Jatco (Thailand) is the third manufacturing plant outside Japan. The first two plants are located in Mexico and China.
