First four months see jump in BOI project approvals
The Board of Investment has approved 957 projects worth Bt325.49 billion in the first four months of this year.
This is up 650 per cent from Bt43.37 billion in the same period of last year, Hiranya Sujinai, acting secretary-general of the BOI, said yesterday.
Of the approved applications, 229 are services and infrastructure projects worth Bt115.05 billion, 110 are electrical-appliances and electronics projects worth Bt59.36 billion, 188 are metals, machinery and vehicle-components projects worth Bt51.21 billion, 198 are paper projects worth Bt46 billion, 161 are agro-industry and agricultural-goods projects worth Bt25.11 billion, 51 are light-industries projects worth Bt15.80 billion, and 20 are minerals, ceramics and basic-metals projects worth Bt12.96 billion.
In the period, there were applications for investment privileges concerning 237 projects worth Bt37.62 billion.
Most of the new applications – 131 projects worth Bt19.75 billion or 55 per cent of the |total – fell in the BOI’s “strategic” industries |category,
They were for biomass-fuel production, natural rubber products, medical tools and components, vehicle components, electrical goods, software, enterprise software and digital content including “cloud” services, power generation via recycled materials, research and development, and biotechnology, Hiranya said.
