The Board of Investment (BOI) has disclosed discussions surrounding policies to support Japanese car manufacturers that still produce internal combustion engine (ICE) vehicles.
The aim is to ensure Thailand remains a primary global production hub for the next 15 years. Current deliberations involve stakeholders from car companies and affected parties from various groups. Final decisions on support measures will be made after careful consideration.
This week, an investment promotion committee meeting will be held, with Srettha Thavisin, the Prime Minister and Finance Minister, presiding over its inaugural session. The main agenda is to review the investment promotion figures for the first nine months of 2023. Growth is expected to continue, especially given the statistics for the first half of the year, from January to June of 2023.
During this period, a total of 891 projects applied for investment promotion, a rise of 18%, representing an investment value of 364.42 billion baht, a significant 70% increase compared to the same period the previous year.
Moreover, the BOI is anticipated to discuss the overall investment landscape for the year, with a focus on the growing electric vehicle (EV) sector. The board will also review progress on talks with traditional combustion car manufacturers in line with the Prime Minister’s policy, trends for the remaining three months of the year, and investment projections for 2024. (NNT)
