PUBLISHED: 7 Jan 2025 at 04: 00
The Eastern Economic Corridor ( EEC ) is setting its sights firmly on attracting at least 100 billion baht worth of investments in 2025, says Chula Sukmanop, secretary-general of the EEC Office.
He claims that the EEC intends to allocate the funds for the entire fiscal year, noting that potential businesses may make the majority of the investments.
According to Mr. Chula, businesses that are given privileges are certain to produce the opportunities. He claims that the EEC did inspire the businesses to make significant investments in exchange for better privileges.
The EEC assets are anticipated to boost the growth of the local market and promote the growth of the country’s gross domestic product.
Mr. Chula stated,” We may work hard to reach the goal of drawing in 100 billion ringgit before the year is over.”
He did point out that companies who decided to invest in the EEC might not always have the same strategy. They will likely engage in tranches, he adds. According to him, the EEC’s task is to encourage real purchase spending that is above 100 billion baht this year so that it can drive GDP.
He added that the EEC was working to meet legal requirements by opening a one-stop support center to assist customers in the system.
The heart is expected to reduce inter-agency contacts, which are needed in seeking authorization for proposed investments, to one, support funding applications, work force applications, company registration, and the opening of accounts for transactions.
Importantly governing EEC-related laws, such as those governing factory starting permits, may be changed in order for the center to begin operating.