Bangkok, BOI board Approved investment promotion measures to solve the PM 2.5 problem, incentivizing entrepreneurs to support farmer groups and local organizations to prevent PM 2.5 problems in all areas throughout the country, with the green light for 2 projects, investment worth more than 18,000 million baht, and extending investment stimulus measures to support base relocation. Continuously produced in Thailand Mr. Narit Theodsatheerasak Secretary-General of the Board of Investment (BOI) revealed that the meeting of the Board of Investment (BOI Board) on Tuesday, December 26, 2023, chaired by Mr. Panpree Phitthanukorn, Deputy Prime Minister and Minister of Foreign Affairs, approved investment promotion measures to reduce the PM 2.5 dust problem. By expanding the scope of support according to investment promotion measures for community and social development. to include support for local organizations and farmer groups to improve the environment in the community By managing forests in the target area Covers community forests, protected forests, and national reserved forests throughout the country. To reduce the problem of PM 2.5 dust, which is a big problem. For activities that can apply for rights under investment promotion measures to reduce PM 2.5 dust problems, such as the construction of wet forest fire breaks. Construction of a moisture retarding dam Support for tools and equipment to extinguish forest fires Training on forest fire prevention and control, etc., by participating entrepreneurs to support forest management and reduce PM 2.5 dust problems according to the criteria set and approved by the Ministry of Natural Resources and Environment. Will be exempt from corporate income tax from the income of the operating business for 3 years in a proportion not exceeding 200 percent of the investment actually paid to support local organizations and farmer groups. Renewal of 3 measures. The meeting agreed to extend three investment promotion measures that were originally due to expire in December 2023 for another year, including measures to stimulate investment to revive the economy. Measures to preserve and expand existing production bases (Retention and Expansion Program) and measures to promote integrated business relocation (Relocation Program). Applications for investment promotion can be submitted within the last business day of 2024. Approval of 2 projects worth more than 18,000 million baht In addition, the meeting approved investment promotion for 2 projects with a total value of 18,675 million baht, namely: – Biofuel production project (BioFuel) from used vegetable oil of BSGF Company Limited in the Bangchak Group, with an investment value of 10,000 million baht, by using scrap materials and waste from agricultural products. and used vegetable oil as the main raw material for producing biofuels such as Sustainable Aviation Fuel (SAF), Sustainable Diesel (Green Diesel) and Sustainable Cooking Gas (Green LPG), etc. – Smart distribution center project of Omega Logistics Campus Company Limited, which is a joint venture between Pruksa Holding Group and leading real estate and logistics companies from Singapore and Taiwan, investment value 8,675. million baht by using a warehouse management system and advanced digital technology to distribute products in various industry groups such as electronics, pharmaceuticals, medical equipment. and consumer products etc.
Source: Thai News Agency
