Friday, August 23, 2013

Industry Ministry finalising eco-car project policy


Via THE NATION:

The Industry Ministry has announced that conditions for Phase 2 of the eco-car project are nearly finalised and will be forwarded to the Board of Investment (BOI) for next week's meeting.

Meanwhile, the Federation of Thai Industries (FTI) has expressed concerns that rushing to get approval of Phase 2 of the policy could affect Phase I manufacturers.

Industry Minister Prasert Boonchaisuk will chair a meeting today of the subcommittee for investment promotion policy to discuss Phase 2 of the eco-car policy, according to a ministry source. The results will be forwarded to the BOI meeting to be chaired by Finance Minister Kittiratt Na-Ranong next Wednesday.

Planned policy of the eco-car is likely to be announced this year for next year's investment, the source said. Thailand hopes to have produced 3 million eco-cars by 2017. Five carmakers are expected to invest in Phase I of the eco-car project. They are Toyota, Honda, Mitsubishi, Nissan and Suzuki.