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Govt mulls special privileges for Japanese businesses

By WATCHARAPONG THONGRUNG

THE NATION

The Industry Ministry will call a meeting with a subcommittee of the Board of Investment (BoI) on March 24 to work out measures for supporting Japanese businesses that might want to relocate to Thailand following the recent earthquake and tsunami in Japan.

Industry Vice Minister Puttipong Punnakan said the BoI has been monitoring the impacts of the tsunami and quake. The meeting will aim to come up with a plan to provide privileges and support in special cases to Japanese businesses that want to relocate their production bases to Thailand, which is one of Japan's main production bases.

Putipong said the results of the meeting would be forward?ed for consideration of the council of economic ministries chaired by Prime Minister Abhisit Vejjajiva, without the need to go to the BoI board.

Chayut Suwanpimolkol, managing director of auto parts maker SK Polymer Co, said the impact of the natural disaster in Japan has affected the company's supply only in the short term, as its inventory of raw materials is sufficient to be used for two months. The company will also procure raw material from other sources.

SK Polymer supplies parts to first-tier auto parts makers. The company expects that once the situation in Japan stabilises, the demand for auto components will rise as a great number of vehicles were damaged during the recent natural disasters.

Meanwhile, the Department of Industrial Works has signed a memorandum of understanding for collaboration in clean and green technology with 50 factory operators to increase the efficiency of the auto parts makers.

The move is in line with the government policy of improving the capacity of the auto industry. The country has set the target for vehicle production at 2 million units this year and 2.5 million next year.

-- The Nation 2011-03-17