In order to build industrial estates that adhere to the Bio-Circular-Green (BCG) economic model, the Industrial Estate Authority of Thailand (IEAT) has stated that it is looking for land in the provinces of Lamphun and Rayong.
IEAT deputy governor Nipa Rukakhama announced on Monday that the Cabinet had given the organization 6 billion baht to develop BCG estates.
According to her, IEAT intends to invest up to 2.1 billion baht in a 1,000-rai (160-hectare) BCG industrial estate in Lamphun, which will house manufacturers that produce scientific tools, electronic components, and appliances.
The remaining 4 billion baht will be used by the organization to build a 1,400-rai BCG industrial estate in Rayong. The car, aviation, logistics, biofuel, and biochemical industries will all be served by this estate.
IEAT considers BCG industrial estates in Lamphun and Rayong She stated that IEAT will look for land in Lamphun first, but if that effort is unsuccessful, it will explore constructing the estate in one of the other Northern Economic Corridor provinces, such as Chiang Mai, Chiang Rai, or Lampang.
According to Nipa, it will take two years to set up the two BCG estates after the land has been acquired, or by fiscal 2026.