3-year investment in EEC 1.7 million baht, faster than target
Date 13 Sep 2021 time 17:50
The government hopes for the relief of Covid-19, and continues to stimulate EEC investments, setting a target for another 5 years, with a spread of 2.2 -2.5 million baht, adding benefits to attract foreign investment. pilot city aviation
Mr. Kanit Sangsuphan, Secretary-General of the Eastern Economic Corridor Policy Committee Revealed after the meeting of the Eastern Economic Corridor Development Administration Sub-Committee (KBO) chaired by Mr. Supattanapong Punmeechaow, Deputy Prime Minister and Minister of Energy, that the overall investment in the EEC area during the period 3 years (2018-2021) with a total value of 1.6 trillion baht, or 94% from the EEC’s 5-year plan (2018-2022) target of 1.7 trillion baht, faster than the target set. Therefore, the investment target for the next 5 years (2022-2026) is set at 2.2 – 2.5 trillion baht.
For investment in the past 6 months (Jan.-June. 20), there were 232 investment projects with an investment of 126 billion baht, an increase of 53 percent (from the same period last year) with 195 investment approvals. Projects with an investment of 74,250 million baht and issuance of promotional certificates for 187 projects with an investment of 88,083 million baht, of which the maximum amount of project requests is auto parts industry The maximum investment is Electronic appliances
while foreign direct investment (FDI) accounted for a percentage 64 of investment requests in the EEC The most interested investors are Japan, China, Hong Kong, respectively. Emphasis on entrepreneurial needs Incentive investors Use environmentally friendly technology. It also considers plans to expand measures to support investment from projects that are important government policies. to give benefits to entrepreneurs in the Special Economic Promotional Zone The pilot started at the promotion area. Eastern Aviation City (EECa) to be a model area (Sandbox), focusing on potential investors. Using advanced innovation and environmentally friendly Under the design of benefits that meet the needs of entrepreneurs (Demand Driven Customization)
It also considers the Digital Industry and Innovation Promotion Zone (EECd) project, which will be developed as a Master Plan. set a goal for It is a global digital city in the region. To be a center for investment and development of the digital industry of the future And it is a smart city using the concept of sustainable and self-reliant urban development. For the draft Agricultural Development Plan in the EEC (2023-2027), jointly prepared with the Ministry of Agriculture and Cooperatives, has a conceptual framework focusing on the market leading to production (Demand Pull), using technology to generate income (Technology Push) to create marketing opportunities. to good quality agricultural products Ready to be a model for the development of the agricultural sector to access high-value products by starting to develop 5 major clusters, namely fruit, durian, mangosteen, mango, cultured fisheries. imported substituents Bio-industrial plants, cassava, medicinal plants, Andrographis paniculata and high-value agriculture Premium Beef Cattle Set a goal to raise income for farmers communities in the EEC area, equivalent to industrial-service groups. Ready to increase the GDP of the agricultural sector in the EEC
“The current covid situation The vaccination is 40 million doses, after which more vaccines will be added. It is expected that between November-December vaccinations will be 70%, which should be a good sign. Investors will start coming back. In addition to the overall investment in the past 3 years, the investment has been made more than 1.6 trillion baht, compared to the 5 year target that was set at 1.7 trillion baht, which is faster than the target. Therefore, in the next 5 years, it is set at 2.2-2.5 trillion baht, there is a possibility,” said Mr. Kanis.
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