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Friday, May 3, 2024

Thailand supports 2 new investment types in the agricultural sector

Duangjai said that support for these two investments is part of the 20-year national goal to promote competitiveness and agricultural growth, notably in the herbal sector while herbal goods are now facing stiff competition on a global scale.

The Board of Investment (BOI) has agreed to revise measures to encourage investments in the agricultural sector, introducing new types of investments eligible for its assistance, including an agricultural produce digital trading center and an agricultural and food industrial estate. The efforts are anticipated to help Thailand obtain ASEAN’s “Bio Hub” title.

Making the announcement was BOI Secretary-General Duangjai Asawachintachit, following a recent meeting chaired by Prime Minister General Prayut Chan-o-cha.

She said that support for these two investments is part of the 20-year national goal to promote competitiveness and agricultural…

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