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BOI's Policy towards National Competitiveness | | |
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Following the relaxation of zoning regulations in its investment promotion requirement, Thailand's Board of Investment (BOI) announced that the investment promotion would now concentrate on projects that enhance Thailand's competitiveness such as those that add investment values, create new jobs, and have positive social impacts. |
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The BOI's new priority would be towards industry-specific cluster development in five areas: automobiles and parts, electronics, food, fashion, and light or high value-added industries. Each investment application would need to state explicitly of ways in which the project would enhance personnel development, technology transfer, and research and development. |
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For the first nine months of 2002, the BOI had already approved investment applications of over 193.5 billion baht in total compared with 118.9 billion in the previous year, and nearly reached its target of 200 billion baht in applications for the whole year. |
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The interpretations and conclusions given represent those of the authors. They
do not necessarily reflect the view of the Royal Thai Government, its
departments or other related institutions.
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