Thailand Encourages Green Carmakers

Thailand's Bank of Investment has set out a package of incentives to encourage producers of 'green' cars. The package will include exemption from corporate tax for up to eight years for those setting up assembly plants and for imported machinery related to production. There are conditions for the awards, however. Projects must be worth no less than THB5bn in investment and have output of 100,000 units by the fifth year of production.

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