|

Thailand’s Junta Approves Investment Projects worth $2.4 Billion

The approved projects include investment of about 10.4 billion baht on eco-cars, or fuel-efficient cars, by Toyota Motor, and an investment of 8.4 billion baht by Suzuki Motor

The approved projects include investment of about 10.4 billion baht on eco-cars, or fuel-efficient cars, by Toyota Motor, and an investment of 8.4 billion baht by Suzuki Motor

 

BANGKOK – Thailand’s investment agency has approved applications for projects worth 79.2 billion baht, or $2.4 billion, mainly in the automobile industry, it said on Tuesday.

The world’s top car makers use Thailand as a regional base for vehicle production and exports.

The approved projects include investment of about 10.4 billion baht on eco-cars, or fuel-efficient cars, by Toyota Motor, and an investment of 8.4 billion baht by Suzuki Motor, the Board of Investment (BOI) said in a statement.

Honda’s Thai unit will invest about 8.2 billion baht, and a joint venture of China’s SAIC Motor Corp. and Thailand’s Charoen Pokphand Group plans an investment of 7.6 billion baht for eco-car production, it added.

Also approved were a 3.1-billion-baht production expansion plan by Nissan Motor, and an ethylene production project by PTT Global Chemical worth 9.8 billion baht, the agency said.

The authorities have accelerated the approval process after delays caused by months of political unrest that prompted a military coup in May.

 

Comments

comments

Powered by Facebook Comments

Short URL: http://www.chiangraitimes.com/?p=28250

Posted by on Nov 25 2014. Filed under Economy & Business. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.
Photo of White Beach in Boracay, Philippines

In Loving Memory of His Majesty the King

Photo of His Majesty the King Bhumibol Adulyadej
Learning Thai with Jen