BANGKOK, April 4, 2011 /PRNewswire/ -- Mrs. Atchaka Sibunruang, Secretary General of the Thailand Board of Investment, has revealed that emphasis is being given by the BOI to promoting investment conducive to sustainable development that allows industry to coexist harmoniously with the community and with the natural environment. This approach will enable Thailand to develop in a sustainable way on into the future.
Last year, the BOI issued investment promotion policies for sustainable development. Special tax incentives have been offered to attract investment in activities related to eco-friendly products, alternative energy and high-tech industries. Additional measures have also been implemented to encourage companies to reduce energy consumption or use renewable energy. The BOI equally grants additional incentives to support companies in investing in reducing environmental impacts or alleviating environmental problems.
Supplementary measures aimed at further tackling the environmental issues, particularly in key industrial areas are in the pipeline. The BOI sees this policy trend as the basis for the stronger and sustainable industrial development in Thailand.
This greater prominence in sustainable development clearly goes along the same line as the BOI Fair 2011: Going Green for the Future, Thailand's biggest fair to be organized from 10 to 25 November 2011. With the theme focus on sustainability, this event will feature not only leading-edge technology and green technologies but also many other innovations that show the Thai industry's readiness and dedication to protecting and conserving the environment. It will also showcase Thailand's capabilities in both industry and services and opens new opportunities for green investment in Thailand.
Many leading companies, both Thai and foreign, have signed on to organise exhibits at the BOI Fair 2011. They come from a wide range of industries that includes the automotive industry, electrical appliances, electronics, food and beverages, petrochemicals and paper, among others. This event is expected to draw around 5 million visitors. The Royal Pavilion which will feature projects based on the sufficiency economy philosophy under the patronage of His Majesty the King is another major highlight of the Fair.
During this 16-day fair, an international conference, CEO Forum, will also be organized with participation of top executives from leading multinational corporations as well as large Thai companies.
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SOURCE The Board of Investment of Thailand