Home » The impact of covid I-EA-T cuts sales target of industrial estates to 1,200 rai

The impact of covid I-EA-T cuts sales target of industrial estates to 1,200 rai

by archyw

29 May 2021 Mr. Veerit Amrapal, Governor of the Industrial Estate Authority of Thailand (IEAT) revealed the investment situation in industrial estates. and the IEAT action plan Assessing the economic situation and the overall investment in Thailand and around the world, it has bottomed out and started to recover. Especially the economy that has started to recover from the distribution of vaccines, trade, investment, and consumption have started to return. Economic indicators in various areas have improved. Now the distribution of the Covid-19 vaccine. It is an important condition for the country’s recovery. Even when the time is dusty or adjusting processes But believe that it will happen soon. And after this will be better and the economy will definitely grow back.

“Even though the Thai economy is getting better but in terms of investment requires negotiation actual field visit in which the situation of the spread of COVID-19 is a major obstacle Must use an online approach I-EA-T decided to reduce the sales/lease target of the 2020 budget to 1,200 rai from the target of 1,500 rai, which during the 7 months of the fiscal year can be achieved sales/rent. and more than 700 rai,” said Mr. Wirit.

As a result of COVID-19 Make the investment situation around the world change. IEAT is therefore preparing to adjust the process both in front of the front and back of all IEAT houses as well. You will see changes quickly on each side. The front of the house will expedite discussions with various countries’ capital agencies. discuss with investors as well as to study more attractive ways to stimulate investment Will discuss with the investment agency, the Office of the Board of Investment (BOI) to consider adjusting investment privileges in the industrial estate to be more attractive Previously, the benefits were reduced in some industries. because of the aroma But now the situation has changed. Thailand’s competitors, such as Malaysia, Indonesia, and Vietnam, have set benefits until they emerged in various areas that attract investment. Therefore, Thailand should make a big adjustment as well.

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Mr. Veerit said that for the adjustment in the back of the house will increase the potential of IEAT employees. Plan on manpower to support approximately 20% retirement over the next 5 years. At the same time, a dedicated team will be set up to select potential employees to study the avenues of organizational development. increase the income channel by using a co-investment method or set up a subsidiary Not focusing on private hires like in the past But it will take some time to study. like industrial water management business which faces drought every year until affecting the factory’s production plan may continue to invest in water production Including possibly setting up a subsidiary to support the use of 5G technology in industrial estates To serve customers who are factories in industrial estates This approach will increase business opportunities. Generate additional income for the IEAT in the future

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