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Pattaya Daily News

20 October 2006 :: 11:10:01 am 29942

Investment promotions to stress on development, says deputy premier

BANGKOK, Oct 20 - Deputy Prime Minister and Industry Minister Kosit Panpiemras on Thursday reiterated the government’s policy on investment promotions would not focus on figures, saying it would instead give an importance to development under the sufficiency economy principle.
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            As the minister supervising the investment promotions, he affirmed the new government would not emphasise the figures on annual investment value of several hundreds of billion baht like that in the past. 

            So, he conceded, the investment value of projects seeking promotional privileges in 2007 would decline to a certain extent. 

            He said what the government would do urgently is to develop and promote investment under the sufficiency economy concept and to adopt to 4 main principles for the development including transparency, efficiency, frugality, and fairness. 

            Such principles, if adopted regularly, would help boost the country’s immunity. 

            As well, the government would give a priority to the research and develop to promote production efficiency. 

            “Although the investment value is not high, we believe the economy in 2007 will be able to grow 4-5% given the country’s strong economic fundamental and competitiveness. 

            “We are confident the policy will not have a negative impact on investment promotions because countries around the world turn to give an importance to building the value-added and boosting competitiveness,” he said. 

            On the auto production promotion, the deputy premier said the auto industry is considered one of the important industries since Thailand had become a key production base. 

            Personally, he said, he had paid no attention to figures on production. Instead, he would attempt to maintain competitiveness of the industry.

Reporter : PDN staff   Photo : Internet   Category : Politics News

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