BoI approves B51.5bn in projects

The Board of Investment (BoI) approved applications on Friday for 15 industrial projects worth 51.53 billion baht as the authorities accelerated the approval process after delays caused by months of political turmoil.

The Board of Investment (BoI) approved applications on Friday for 15 industrial projects worth 51.53 billion baht as the authorities accelerated the approval process after delays caused by months of political turmoil.

Last month, after a military government seized power in May and restored order, the BoI approved applications for 18 projects worth about 120 billion baht.

Gen Prayuth Chan-ocha, chief of the ruling the National Council for Peace and Order (NCPO), chaired the meeting on Friday.

The latest projects to be approved include a plant worth 9.7 billion baht where Auto Alliance (Thailand) Co Ltd, a joint venture between Ford Motor and Mazda Motor Corp, can produce 158,000 environmentally friendly vehicles a year.

The BoI also granted investment privileges for three power-producing projects and six wind-energy plants.

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