The Thai government has continued to promote investment in the Eastern Economic Corridor (EEC), especially its electric vehicle and railway sectors.

Prime Minister Gen Prayut Chan-o-cha chaired a meeting of the Board of Investment (BOI). The meeting resolved to support investment in the EECi, or Eastern Economic Corridor of Innovation.

This would involve the establishment of a science park in the corridor to foster research and development.

Firms looking for investment incentives must apply for the privileges by December 30th, 2019 and establish a base of operations in the EECi by December 30th, 2022.

Furthermore, the BOI resolved to support investment in the Orange Line electric railway from Bang Khun Non – Minburi, as well as in Plug-In Hybrid Electric Vehicles, which are currently being developed by Mitsubishi Motors (Thailand) Co., Ltd.

electric vehicles

Firms looking for investment incentives must apply for the privileges by December 30th, 2019

EECO to push for educational upgrades, develop human resources

The Eastern Economic Corridor Office of Thailand (EECO) has continued to push for educational upgrades and develop human resources to meet the needs of the labor market for the EEC project.

The EECO has cooperated with the government to hold a meeting to summarize the study on the demand for manpower in the target industries.

The opening session was presided over by EECO Secretary General Khanit Saengsuphan.

The EECO has planned on upgrading education quality according to the needs of modern industrial development and organize educational curricula and learning to meet requirements of jobs to allow personnel to earn high incomes.

About the author

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletter

Get notified of our weekly selection of news

You May Also Like

Industries to Watch Out for Growth in Southeast Asia in 2023

Southeast Asia, or the ASEAN (the Association of Southeast Asian Nations) region as more commonly referred to in Asia, is among the fastest-growing regions in the world. According to the Asian Development Bank (ADB)

Chinese carmaker Hozon to set up EVs plant in Thailand

Hozon, a Chinese electric vehicle (EV) maker, is expanding its presence in…

Thai businesses worried after opposition upset win

The Move Forward Party has tried to reassure the business sector that it will pursue policies that are conducive to economic development and innovation. But the political uncertainty could further dampen consumer and business sentiment, and delay the recovery process.