Incentive package to lure foreign investment for BEV project

 

 

BANGKOK: -- The Finance Ministry is to propose to the cabinet this month a package of measures to attract foreign investments in the development and production of BEVs (battery electric vehicles) in the country.

 

Finance Minister Apisak Tantiworawong said Monday it was necessary for Thailand to come up with a package of incentives to lure foreign investors to invest in BEV project in the country as some countries in the region are equally enthusiastic to promote similar project and are wooing foreign investors.

 

Mr Apisak held a meeting on Monday to discuss the BEV project with relevant agencies, including the Board of Investment, the Industry Ministry and Excise Department.

 

Full story: http://englishnews.thaipbs.or.th/incentive-package-lure-foreign-investment-bev-project/

 

-- © Copyright Thai PBS 2017-03-14

Thailand is busy luring, whilst other Asian countries are busy wooing foreign investers.

 

I can feel the love already.

Yes you lure. Then eliminate them.Thainess!

Need to be able to show stable government and consistent regulations before the big bucks are invested.

5 hours ago, webfact said:

package of incentives to lure foreign investors to invest in BEV project

So while the government is realizing a shortfall in revenue collection and looking for ways to increase taxes, it will likely offer more tax incentives (aka tax avoidance measures) to attract more foreign investment. And yet earlier this year Prayut decided an economic policy to focus on domestic investors until the economy is robust enough and political stability assured to attract foreign investment. Wonder if the government really knows what it's doing other than playing a form of high-stakes gambling.

Edited March 14, 20179 yr by Srikcir

3 hours ago, BigBadGeordie said:

Thailand is busy luring, whilst other Asian countries are busy wooing foreign investers.

 

I can feel the love already.

The Finance Ministry is to propose to the cabinet this month a package of measures to attract foreign investments.

Woo, lure and finally attract. Bravo.

Thailand, an attractive investment destination.

After Carlsberg  and Pepsi's experiences, foreign firms may be a bit wary setting up here...

As a potential investor my first question would be "Do I have a GUARANTEED source of water??

After Carlsberg  and Pepsi's

+ Russian and Chinese tour operators + Aussie goldminers +Pizza hut had some problems too
I'm sure there are some more.

I wonder if part of the "luring" will involve further increasing the already hefty tax on imported electric vehicles ?