Export-Import (Exim) Bank of Thailand plans to expand its green loans to 50% of its total outstanding loan book within four years, in line with global environmental goals, says president Rak Vorrakitpokatorn.
Mr Rak said the bank’s outstanding green loans comprise 37%, or 59.6 billion baht, of total outstanding loans valued at 161 billion baht.
He said Thai exporters need to quickly adjust their production processes to be more environmentally friendly as global green development trends favour products that have the least impact on the environment.
Next year, India plans to finance green projects that use bioplastic packaging that is biodegradable.
“If Thai entrepreneurs do not adjust their packaging, some shipped goods may be returned if they fail to meet the standards of that…
