Business Investment Thailand Thailand's BOI Business Fair Expects to Attract Foreign Investments
Thailand courts foreign investors on this year's Board of Investment (BOI) fair at Bangkok. Stars of this year's exhibition are the country's booming petrochemical industry, producers of polymers and plastics as well as paper manufacturers. Experts see this year's election as an acid test for the country's democracy and stability.
Bangkok/Thailand – With a new 'greener' approach the country hopes to become more attractive to foreign investors. The country's recent figures indicate a solid growth: already the first quarter of 2011 saw a rise of investment proposals of 56 percent in numbers compared to 2010. A total of 485 operations was approved in this time span, covering a total investment volume of 117.8 billion Baht (around € 2.7 billion).
To attract further foreign investors for the Thai market, the BOI plans a third issue of its BOI-Fiar trade fair and exhibition held from November 10th to 25th. 2011 in Bangkok/Thailand. Motto of the exhibition will be the slogan "Going Green for the Future" with the BOI creating additional benefits for 'green' investments.
Petrochemical Industry, Polymers and Paper – Stars of This Year's BOI–Fair
Industry experts see Thailand's petrochemical industry, producers of polymers and plastics as well as paper manufacturers as especially attractive opportunities, covering investments of about 30 billion Baht for the first quarter of 2011. But also pipeline projects and alternative energies performed well. The petrochemical industry currently contributes about five percent of the country's economic performance and is expected to profit from current projects like the Ma Ta Phut industrial zone.
Ma Ta Phut – Future Home of Thailand's Petrochemical Business
To attract further company's for the new Ma Ta Phut industrial complex, the BOI announced tax reductions for investments that help to reduce the complex's ecological footprint. The replacement of old, ineffective machinery is rewarded by an eight years exemption from corporate taxes (previously three years and 70 percent of the investment sum). These provisions are valid for running and new projects – newly planned projects will nevertheless face an eco-audit in advance.