Ministry of Industry is delighted with 2 hot industries ‘Bioplastic resins – electric vehicles’ investing 112 billion baht.

Ministry of Industry is delighted with 2 hot industries ‘producing bioplastic resin – electric vehicles’ investing 112 billion, 1,211 factories employ more than 30,000 new jobs.

Anucha Nakasai, Minister Attached to the Prime Minister’s Office Acting Minister of Industry revealed that according to the Ministry of Industry together with the Ministry of Finance Establishing measures to continuously encourage the use of biodegradable plastics (Green Tax Expense). So that entrepreneurs can use the expenses used in the purchase of biodegradable plastic products to deduct corporate income tax in the amount of 1.25 times the expenses paid. In applying for a corporate income tax exemption during the year 2022-2024, resulting in the bioplastics industry to invest more than 19,000 million baht since the first quarter of the fiscal year 2023 and measures to support government policy on the production of electric vehicles (EV) to The production and use of electric vehicles in the country. To meet the goal of production and use of zero emission vehicles or Zero Emission Vehicle: ZEV reduce oil consumption. reduce exhaust emissions Including reducing dust PM 2.5

As a result, the production of electric vehicles The investment has increased by more than 1,400 million baht, as well as encouraging entrepreneurs to use innovation and environmentally friendly technology. In order to be able to compete and grow sustainably, resulting in the 2 quarters of the fiscal year 2023, there was a total investment in the country of up to 112,658.60 million baht, with the establishment of new factories and expansion of 1,211 factories and creating new jobs. 30,603 people

Mr. Julapong Taweesri, Director-General of the Department of Industrial Works Said that in the first two quarters of the fiscal year 2023 (October 2022 – March 2023), there were 1,016 new factories set up, total investment of 89,427.27 million baht, an increase of more than 29,000 million baht in the same period last year. The industry with the most new investments is chemicals and chemical products. The investment value is 22,635.75 million baht, representing an investment proportion of 25.31%, followed by plastic products. The investment value is 9,259.12 million baht, or an investment proportion of 10.35%. For the expansion of 195 factories, the investment value is 23,231.33 million baht. The industry group with the highest investment value for business expansion is the production of electrical appliances and equipment. It has an investment value of 10,192.68 million baht, representing an investment proportion of 43.87%, followed by the food industry. The investment value is 1,930.56 million baht, representing an investment proportion of 8.31%.

Eastern Economic Corridor (EEC) new factory establishment and factory business expansion The total investment value is 29,760.21 million baht, representing an investment proportion of 26.42% of the total investment value nationwide. by electrical appliances and equipment manufacturing group with the highest investment value of 10,403.39 million baht and 10 targeted industries (S-Curve), setting up new factories and expanding factory operations It has an investment value of 37,621.13 million baht, representing an investment proportion of 33.39% of the total investment value nationwide. by the food processing industry The highest investment value is 14,363.55 million baht.

For the third and fourth quarters, investment is expected to be no less than 180 billion baht as a result of the government’s policy to promote private investment. The Thailand Manufacturing PMI is expected to improve. Including accelerating the investment of entrepreneurs who have been approved and issued investment promotion certificates during the past 2020-2022.