FTI urges swift Thai coalition to back high-tech hub and green growth

[snoop1130]

Image courtesy of Bangkok Post

 

The Federation of Thai Industries (FTI) is preparing a position paper outlining the economic policies favoured by businesses, with plans to submit it to the newly formed government once it takes office. Montri Mahaplerkpong, the FTI vice-chairman, stated that the paper is in its final stages and should be approved by the end of the month.

 

The document will highlight the private sector’s expectations from the new government, urging the Move Forward and Pheu Thai parties, which secured the most votes in the recent election, to expedite the formation of a coalition government. This will enable the continuation of key economic policies initiated by previous administrations, such as the Eastern Economic Corridor scheme, which aims to transform parts of Chon Buri, Rayong, and Chachoengsao into high-tech industrial hubs.

 

In addition, the FTI seeks the promotion of electric vehicle production and consumption, as well as support for bio-, circular, and green economic development, which was declared a national agenda item by the Prayut Chan-o-cha administration.

 

Montri said…

 

“If things go smoothly, the appointment of a new cabinet should be made in early August. A delay in forming the government will affect budget planning for the new fiscal year.”

 

Full Story: https://thethaiger.com/news/business/fti-urges-swift-thai-coalition-to-back-high-tech-hub-and-green-growth

 

-- © Copyright Thaiger 2023-05-17

 

- Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here.

 

The most versatile and flexible rental investment and holiday home solution in Thailand - click for more information.

[hotchilli]

12 hours ago, snoop1130 said:

This will enable the continuation of key economic policies initiated by previous administrations, such as the Eastern Economic Corridor scheme, which aims to transform parts of Chon Buri, Rayong, and Chachoengsao into high-tech industrial hubs.

As long as that doesn't mean just foreign companies moving in.

Thailand needs to grow it's own industry, not just be a sub-contractor.