Government looks to BCG initiatives to drive growth

The government vows to rev up promotion of the bio, circular and green (BCG) economy to help drive economic growth over the next five years.

The first meeting of a management committee to drive the BCG economy chaired by Prime Minister Prayut Chan-o-cha yesterday approved a five-year strategic plan to promote BCG between 2021 and 2026.

According to Gen Prayut, the government agreed to place BCG on the national agenda to speed up development because the sectors can increase the value of farm products and BCG is part of a global development trend.

The BCG strategic plan covers four sectors: farm and food; healthcare and medical services; energy and biochemicals; and tourism and the creative economy.

He said the government first plans to develop the bio-economy, as Thailand has more than 30 million people working in the farm sector, yet most of them remain in poverty,…