Friday, June 14, 2024 Today, the Thailand Board of Investment (BOI) has given the green light to investment promotion applications for eight significant projects totaling 56.95 billion baht (USD 1.54 billion).
These projects encompass a bio-ethylene plant by a local joint venture of Braskem from Brazil, alongside developments in data centers, power generation facilities, and a substantial new hospital. The meeting, presided over by Mr. Pichai Chunhavajira, Deputy Prime Minister, Minister of Finance, and Chairman of the BOI, sanctioned several new initiatives.
One significant approval was for a new investment promotion category focusing on service centers dedicated to the repair, repackaging, and reuse of used electric vehicle (EV) batteries and energy storage systems. This initiative is designed to complement the BOI’s existing comprehensive policy and incentives aimed at bolstering the EV supply chain. Additionally, another new category was endorsed to bolster the data hosting business, responding to the growing demand in this sector.
This move is intended to augment the investment incentives already in place, thereby supporting the advancement of the digital industry. Furthermore, the Board authorized a new promotion package aimed at Quarantine Facilities for Animals intended for export. This initiative aims to enhance quarantine and certification services crucial for international livestock trade.
These decisions underscore the BOI’s commitment to fostering strategic s.
