Federation of Thai Industries proposes post-Covid economic revival plan

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The Federation of Thai Industries (FTI) vice-chairman, Kriangkrai Tiennukul.
The Federation of Thai Industries (FTI) vice-chairman, Kriangkrai Tiennukul.

The Federation of Thai Industries (FTI) has laid out post-Covid recovery plan, focusing on both traditional industries and targeted future industries while promoting local sourcing.



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Kriangkrai Tiennukul, the FTI’s vice-chairman said the post-Covid recovery plan sub-committee, which he chairs was assigned to map out the medium-term plan (6-12 months) and the long-term plan (18-24 months).

The recovery plan for 45 groups of traditional industries in 11 clusters embraces three main points, he said.  The first one is to promote the use of made-in -Thailand goods. The FTI proposed that the Comptroller General’s Department amend procurement regulations to support the use of domestically made products.



Secondly, the FTI underscored development of upstream to downstream supply chain. Various industries were affected by trade war last year and Covid-19 this year.  They face shortage of imported raw materials due to lockdown in China.

Thailand should turn towards delocalization to source products and materials locally.

Thirdly, food and agriculture technology should be promoted, he said.

As the country benefits from its biodiversity, bio economy, agro-processing and value added agriculture will be the most suitable for Thai people in the future and it will also meet the global demand.

Six targeted future industries include digital, healthcare, medical equipment, logistics, robotics and bio economy, he added.  (TNA)