Bright future awaits manufacturing sector in 2014

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BANGKOK, 16 December 2013 The Ministry of Industry has predicted that next year’s exports will help stimulate the manufacturing sector. Competitiveness of manufacturing entrepreneurs will be urgently developed to reap benefits from the sector’s growth. 

According to Permanent Secretary for Industry Withoon Simachokedee, the industrial sector would grow better in 2014 following predictions that exports would expand at a faster pace next year in line with the global economy. When the manufacturing sector improved, more jobs would be created and the economy would grow better, he said.

Based on the positive outlook of the manufacturing sector, the official stated that the ministry would urgently help increase the competitiveness of the entrepreneurs through projects such as Thailand’s Kitchen to the World and those aimed at developing Thai SMEs.

The permanent secretary however admitted that investment in the private sector might slow down due to the political situation at present. If no violence occurred. investors would not shy away from investing in the country, he added.

As for the government’s projects and policies, the permanent secretary said those requiring approval from the Cabinet must be put on hold until a new government was formed.