EEC breeze set to be put before cabinet

Gantry cranes work during a enclosure depot for a Laem Chabang Industrial Estate in Chon Buri. It is one of 3 eastern provinces combining a Eastern Economic Corridor, that is slated for high-tech investment. PATTANAPONG HIRUNARD

The breeze of a law ruling a growth of a Eastern Economic Corridor (EEC) is approaching to be submitted for cupboard capitulation subsequent month.

Industry permanent secretary Somchai Hanhiran pronounced a cupboard spearheading a graduation of a EEC would interpretation a breeze subsequent week.

The Industry Ministry estimated that a EEC might attract adult to 550 billion baht in investment to a eastern segment over a subsequent 5 years following a launch this year.

“The EEC is designed to be a vital resource to assistance accelerate investment in a eastern region, restraining into a Thailand 4.0 devise to assistance boost a economy,” Mr Somchai said.

The EEC spans a 3 eastern provinces of Chon Buri, Rayong and Chachoengsao. It has been designated for growth as a high-tech attention cluster, with an eye towards apropos Asean’s heading mercantile section for industrial, infrastructure and civic development.

The cupboard authorized in element a smallest of 300 billion baht in state supports for a project, with a initial proviso focusing on Map Ta Phut, Rayong and Laem Chabang in Chon Buri.

The EEC devise is meant to accommodate a 10 targeted industries being promoted as clusters by a government.

Those industries are next-generation cars; intelligent electronics; affluent, medical and wellness tourism; cultivation and biotechnology; food; robotics for industry; logistics and aviation; biofuels and biochemicals; digital; and medical services.

During a initial 5 months of this year, targeted industries pulling 280 projects practical for support from a Board of Investment totalling 91.8 billion baht.

Mr Somchai pronounced investment value during a initial proviso of a EEC would come from vital industrial sectors such as petrochemicals, automobile and parts, food estimate and digital and robotics.

With rising direct for robotics and electronic systems in factories, a Industry Ministry is also operative closely with a Labour Ministry to breeze a master devise to understanding with descending direct for tellurian labour, assisting those who are adversely influenced by automation.

Meanwhile, a inhabitant logistics government and growth cupboard chaired by Prime Minister Prayut Chan-o-cha yesterday systematic associated agencies to lift out land growth skeleton coinciding with infrastructure projects national to assistance beget some-more income.

Article source: http://www.bangkokpost.com/business/news/1035225/eec-draft-set-to-be-put-before-cabinet

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