BANGKOK – A new self-reliance development strategy “Thai First” has been launched with the first target to rely on 40 percent of Thai-made materials for railway construction projects.
Fifteen public agencies and private enterprises signed an agreement spearheaded by Thailand Institute of Scientific and Technological Research on Wednesday.
The “Thai First” strategy is aimed at advancing innovation and human resources development in order to become more self-reliant in railway construction.
The agreement also set a target for using at least 40 percent of Thai-made materials worth THB7 billion within four years.
At present, Thailand was capable of manufacturing powertrain, brake system and cabin equipment, said Sorapong Paitoonpong, Director-general of Rail Transport Department.
Using domestically-manufactured parts and materials could reduce maintenance cost and fare, he said.