FTI further strengthens ‘Made in Thailand’ project to boost local supply chain, businesses

Petcharat Eksangkul, FTI vice chairperson, said there are currently more than 5,000 businesses registered to the MiT project thanks to the support provided by the government.

In fiscal 2022, companies certified under MiT won more than 1,600 procurement and contracting jobs worth 102 billion baht or roughly 15% of the government’s total procurement budget of around 1 trillion baht.

“This helps distribute money within the supply chain at both the SME and grassroots level, which helps accelerate economic recovery,” she said.

Kriengkrai, meanwhile, said he anticipates growth in MiT businesses, aiming to secure 400 billion baht in procurement projects by 2024. Additionally, FTI plans to expand benefits from government procurement to the private sector supply chain and boost Thai business participation in procurement to 80% in the long term.

These efforts are expected to boost the local economy, empower entrepreneurs and strengthen the country’s supply chain.