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NEWS UPDATES 18 August 2010

Neighboring countries suggested for heavy lifting

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Thailand’s National Economic and Social Development Board has proposed investment in neighbouring countries if Thailand can no longer accommodate more heavy industries.

Industry Minister Chaiwuti Bannawat said that industrial zones such as Map Ta Phut were getting too crowded, and just about any site in Thailand could accommodate electronics and auto assembly but heavy industries such petroleum and steel needed someplace else to locate, particularly if local communities raised objections.

Local communities surrounding the Map Ta Phut zone were successful in litigation to have projects frozen there as environmental regulations were not followed.

The minister reiterated location in Thailand as the first priority but if that was not possible, suggested

Mr. Chaiwuti also asked the relevant government agencies to study the support of industries in the future.

One inevitable effect would be that the applications for privileges this year might not reach its target of 500 billion baht.

Investments in the first seven months of this year totalled 214 billion baht.

For every month of the first six months, the figures saw an increase from last year, both in the number of projects and value. But July saw a rise in the number of projects but not the value.

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