BOI incentives jump 115% in value in first 8 months
The Board of Investment has recieved 1,410 incentive applications worth Bt691 billion in the first eight months of the year, 85 per cent of these projects new investments and the rest for rehabilitation of factories damaged by flooding, secretary-general
This is growth of 24 per cent in terms of the number projects, and 115 per cent in terms of value over the same period of last year.
The first eight months of 2011 recorded 1,137 projects worth Bt322 billion applying for incentives.
In the most recent period, she said services and infrastructure ranked No 1 in applications for incentives, with 367 projects worth Bt183 billion, following by petrochemical, paper and plastics with 195 projects worth Bt169 billion. The automotive and machinery segment had 346 projects worth Bt140 billion, while electronics and home appliances had 228 worth Bt101 billion.
Meanwhile, manufacturers applying for flood rehabilitation of their plants amounted to only 145 projects worth Bt107.56 billion. This means the investment in new projects has continued to grow, Atchaka said.
