BOI applications beat 2016 target, exceed Bt580 bn
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The value of applications for Board of Investment privileges surged to Bt584.35 billion last year, beating the target of Bt550 billion and lending hope that this year will pass Bt600 billion.
Secretary-general Hirunya Suchinai said Wednesday that the BOI expected increases in the number of projects and their investment value this year thanks to the government’s “digital economy” policy promoting high-tech investment.
High-tech industries are expected to draw more foreign talent and technology transfers under the “Thailand 4.0” policy.
Last year saw applications for 1,546 projects, of which 70 per cent were approved. Of those approved projects, 33 per cent have started investment procedures.
The number of projects in 2016 was up 56 per cent from 2015’s 988 projects, while their value soared by 196 per cent from Bt197.74 billion in 2015.
