Thread: IEAT: More industrial land sold to investors

BANGKOK, 8th March 2018 (NNT) – More clarity in the government’s investment promotion policy has driven up investor confidence and boosted land sales in industrial estates, especially in the Eastern Economic Corridor (EEC).

Mr Verapong Chaiperm, Governor of the Industrial Estate Authority of Thailand (IEAT), reported today that his agency managed to sell up to 3,300 rai of land within industrial estates, worth a combined 83 billion baht, to investors over the past year. He attributed the success to a surge in investor confidence following new developments in the government’s investment stimulation policy, particularly the endorsement of the EEC Act by the National Legislative Assembly.

The Governor added that, during the first quarter of the 2018 fiscal year, 737 rai of industrial land, worth 19.74 billion baht in total, had been purchased by investors. Most of the investors were in the logistics, auto parts, metal and steel, rubber and plastics industries. As for the entire year, he projected that the IEAT will be able to sell 3,500 rai, valued at about 90 billion baht.

Over the next five years, Mr Verapong revealed that the authority will focus on the development of industrial estates that accommodate the five New S-Curve industries, namely robotics, aviation and logistics, biofuels and biochemicals, digital and medical hub industries.


National News Bureau Of Thailand | IEAT: More industrial land sold to investors

Originally Posted by misskit

especially in the Eastern Economic Corridor

Why do not they (all the govts for last 40 years) make an "Isaan Economic Center" instead of destroying the environment of the East Coast, bringing the jobs to Isaan people instead of bringing the Isaan people to jobs at the East Coast?

Originally Posted by Klondyke

Why do not they (all the govts for last 40 years) make an "Isaan Economic Center" instead of destroying the environment of the East Coast, bringing the jobs to Isaan people instead of bringing the Isaan people to jobs at the East Coast?

Another play of misdirection. Has little to do with serfdom-based economic expansion or environment conservation, but more to do with regional land ownership and control thereof.
Age old issues that are designed to look like something else.

Originally Posted by Klondyke

Why do not they (all the govts for last 40 years) make an "Isaan Economic Center" instead of destroying the environment of the East Coast, bringing the jobs to Isaan people instead of bringing the Isaan people to jobs at the East Coast?

They have, much easier to set up manufacturing in Issan than most other areas. I live in an economic development area, but access to ports, transport [ bad roads ] is limited.

We/wife have 10 rai of industrial land and though it's idle at the moment, have received over 10 years of tax breaks, just seems that businesses are not keen to set up so far from main industrial hubs.

Originally Posted by Klondyke

Why do not they (all the govts for last 40 years) make an "Isaan Economic Center"

what port do you suggest they use ?

Originally Posted by baldrick

what port do you suggest they use ?

Any port that is available in Thailand (Lam Chabang, Lad Krabang, Klong Toi) that is used by all Thai export companies.

Why the Eastern Seaboard companies having already the BOI advantages of tax incentives have got also the advantages of the short way from and to sea port?

Why all companies in North, Isaan, South, having so long way from and to sea port but do not get the tax incentives?

After all, they give jobs to local people who do not need to emigrate to Sea Board, living there in barracks without families.

Very short-sighted policy based on greediness of people in power...