Thai industries launch initiatives to boost SMEs post-pandemic

Thai industries launch initiatives to boost SMEs post-pandemic

New initiatives by the Federation of Thai Industries (FTI) aim to bolster local entrepreneurs, particularly small and medium-sized enterprises (SMEs) still grappling with the effects of the pandemic. The FTI is focusing on critical sectors such as agribusiness and the auto parts industry to foster resilience and growth..

Efforts are being made to help SMEs become more competitive through the Three Go’s policy, which follows earlier strategies aimed at boosting sales. The policy emphasises digital transformation, innovation, and global market expansion.

Chairman of the FTI Kriengkrai Thiennukul, highlighted the urgent need for closer cooperation between the federation and entrepreneurs to navigate the challenges posed by technological advancements and increased competition.

“A new economy is being formed by technological advancement and tougher competition.”

The digital aspect of the policy encourages SMEs to incorporate more computer programs to enhance operations and reduce expenses.

Given the high cost of certain software, the FTI’s Digital Industry Club has been tasked with creating and offering essential programs, such as those for accounting and production control, at affordable prices.