BANGKOK, Thailand – The Department of Industrial Promotion (DIPROM), together with four major agencies, has officially signed a memorandum of understanding to establish dedicated industrial estates for small and medium-sized enterprises (SMEs). The collaboration includes the Department of Industrial Works, the Industrial Estate Authority of Thailand (IEAT), the SME Development Bank, and the Office of the Permanent Secretary for Higher Education, Science, Research and Innovation.
The project aims to allocate specific areas within industrial zones to support SME relocation and expansion, offering structured management, infrastructure, and environmental services. The goal is to strengthen Thailand’s SME sector, enhance competitiveness, and support long-term economic sustainability.
Officials estimate the initiative will generate more than one billion baht in economic value. The estates will also improve access to technology, funding, and new markets, while creating a supportive ecosystem for innovation and environmentally responsible growth.
Nattapol Rangsitpol, Permanent Secretary of the Ministry of Industry, said the SME industrial estates will help reduce operational burdens for entrepreneurs and ensure transparent, standardized management. The model is expected to connect SMEs with supply chains and nearby communities, boosting productivity and national economic resilience.
IEAT Governor Sumet Tangprasert announced that at least 5 percent of designated industrial zones will be reserved for SME use. These areas will include flexible infrastructure and utilities tailored to SME needs. Additional incentives, such as rental discounts and opportunities for product showcases to larger manufacturers, are planned to encourage participation.
The project is now open to SME entrepreneurs interested in long-term, sustainable growth. (NNT)
