IN ADVANCE of hosting this year’s Thailand Industry Expo, the Minister of Industry, Uttama Savanayana, has elaborated on the government’s economic road map.
Uttama says the government’s vision is of an intelligence driven and globally connected economy based on stability, wealth and sustainability.
The Ministry will oversee a 20-year industrial development strategy to advance Industry 4.0. The strategy will promote industry through driving stability and encouraging the use of science and technology to stimulate the economy. The government sees science, including emerging Internet and communication technology (ICT), as key to industrial reform. As well, they will enhance production efficiency, including quality standards, capacity, and value-added enhancement.
The ministry believes that these innovations will strengthen the domestic market as well as encourage global market expansion. Together, the package of scientific and business innovation will help drive the Thailand economy toward sustainable growth.
The Ministry of Industry has developed 3 main strategies. They are:
1.Promoting 10 targeted industries with the aim of reforming Thailand’s economic structure. This economic core strengthening, part of the Thailand 4.0 strategy, is aimed at growing the “local economy” through moving from a focus on traditional industrial products toward those with more added value. The intent is to create new, innovation-driven industries in an age of global economic instability. The ministry sees the 10 targeted industries as important long-term engines for Thailand’s new economy in long term.
2.Advancing small and medium enterprises (SMEs). Thailand’s 2.76 million entrepreneurs play a crucial role in Thailand’s economy. The Ministry of Industry considers it a significant mission to support SMEs as an economic driver, making it easier for these businesses to increase their innovation, improve their performance, and most importantly connect to the nation’s cluster of over-arching industrial goals led by major corporates.
3.Developing the Eastern Economic Corridor (EEC). The Industry 4.0 strategy aims to support each geographical area’s competence to advance their own industries according to their unique strengths. Major investment in the EEC has positioned it as key to early success in the Thailand 4.0 plan.
With the goals in mind, this year’s Thailand Industry Expo theme is Thailand Industry 4.0: One Transformation, Thousand Opportunities. The expo will focus on presenting technology, innovation, products and modern services. The open event for Thai industries to show their accomplishments and potential is expected to draw many of the nation’s leading industrial entrepreneurs both from the public and private sector, including 1,500 SME entrepreneurs and community enterprises (OTOP).
The Ministry of Industry will also encourage cooperation between businesses expanding outside of Thailand by organising the International Business Matching Pavilion, where Thai entrepreneurs will be able to match up with international entrepreneurs. Thailand’s major trade partners will also participate in a technological and industrial exhibition featuring more than 76 entrepreneurs from Japan, China, Korea, Indonesia and Malaysia.
Thailand Industry Expo 2017: One Transformation, Thousand Opportunities will be held July 25-30 2017 at Challenger Hall 1-3, Impact, Muang Thong Thani. Some 300,000 visitors, spending over Bt500 million are anticipated over the six days.