Key agencies to collaborate to setup new investment institute

PHUKET: Key officials and industry leaders have initiated the development of an investment institute in Phuket in order to aid those looking to investment on the island.

“Phuket already has a Board of Investment (BOI) to guide investors about matters of private and public investments. However, in the past, investors have often been bogged down due to limited understanding of environmental issues and investment processes, which hinders the smooth flow of business activity,” said Phuket Governor Chamroen Tipayapongtada.

“Establishing an institute at Provincial Hall will provide a convenient one-stop solution for investors. The proposed institute will guide them through the entire process of investment, from start to finish.”

Several key agencies, including the Software Industry Promotion Agency and BOI, will be working together on the project, as well as lawyers and consultants from Phuket and other Andaman provinces, Governor Chamroen explained.

Though the project is in its initial phases, Gov Chamroen said that they would be acting as quickly as possible to get the initiative up and running.

“We will consult with the Public Works and Town and Country Planning Phuket Office, the Phuket Provincial Office of the Ministry of Natural Resources and Environment, as well as other related agencies and the business community, before submitting an official proposal to the Cabinet,” said Gov Chamroen.

— Kritsada Mueanhawong