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Thai Industrial Estate Agency to Help Small Businesses Relocate.
Byline: Busrin Treerapongpichit
Dec. 5--The Industrial Estate Authority of Thailand (IEAT) is set to shift its focus to encouraging small and medium-sized enterprises to relocate to industrial estate areas to support large companies.
Anchalee Chavanich, the agency's governor, said the shift was in line with the government's policy to have IEAT play a greater role in supporting SMEs, in co-operation with the Board of Investment.
"We are not in a position to subsidise SMEs directly," she said, but added that the agency could offer low-priced leasing deals to SMEs on its estates.
She said the IEAT was waiting to sign a contract with Thai Factory Development Co to set up a joint-venture company with a registered capital of 50 million baht.
The firm would be owned 35 percent by the IEAT and 65 percent by SET-listed TFD, which builds factories for rent or sale. The business could accommodate SMEs' demand for factories.
As well, the IEAT owned old factories and undeveloped land and was ready to rent or sell them to small businesses.
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