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Tuesday, May 28, 2024

Thailand to boost sustainable growth through innovation-driven economy: PM

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Bangkok: Thailand is shifting towards a high-value technology and innovation-driven economy for sustainable growth amid disruptive, multifaceted challenges, Prime Minister Srettha Thavisin said.

In the wake of “polycrisis”, the country needs to be future-proofed in order to thrive amid an increasingly competitive global economy, international conflicts, shifting global order, and climate change, Srettha told a Foreign Industrial Club gala dinner on Wednesday evening.

In his keynote address, Srettha highlighted the urgent need to get the economy back on track and set up the country for success in the long run through implementing stimulus and supportive measures, creating opportunities for Thai people, and expanding investments and businesses.

As a key part of the government’s strategy, Thailand is transforming from a manufacturer of basic commodities and primary agriculture products into a hub for innovative manufacturing, Srettha said.

He noted that with comprehensive support for targeted industries including electric vehicles, smart electronics, robotics, medical and wellness, and processed food, the Southeast Asian country aims to position itself as a frontrunner in high-value production within the region.

The prime minister also urged collective efforts between the public and private sectors to steer Thailand towards a more inclusive and sustainable future.

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