July 10 2024

EXIM Thailand and BOI Collaborate to Boost Foreign Investment and Sustainable Supply Chains

On July 9, 2024, Dr. Rak Vorrakitpokatorn, President of Export-Import Bank of Thailand (EXIM Thailand), and Mr. Narit Therdsteerasukdi, Secretary General of the Thailand Board of Investment (BOI), signed a Memorandum of Understanding at EXIM Thailand’s Head Office. This collaboration aims to promote and attract foreign direct investment (FDI) through financial support along the supply chains for Thai entrepreneurs seeking investment promotion from the BOI. The initiative encourages these businesses to enhance production efficiency, reduce greenhouse gas emissions, and transition to a low-carbon society.

Under this cooperation, EXIM Thailand offers financial products to BOI-promoted entrepreneurs with eco-friendly operations at special interest rates, including a 0.5% discount in the first year under the EXIM Green Goal and EXIM Solar D-Carbon Financing schemes. These schemes support investments in solar power generation systems, such as solar rooftops, solar farms, and solar floating systems, and include entitlements for carbon credit registration and certification.

Additionally, the EXIM Extra Transformation scheme targets exporters in S-curve industries, aiming to elevate Thai manufacturing sectors by financing the acquisition or improvement of machinery and equipment, or the extension, renovation, or construction of factory buildings or robotic and automatic systems. This initiative seeks to lower production costs, upgrade businesses, and improve production efficiency and capabilities through the use of new technologies.

 

Source: thaigov.go.th