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Thursday, May 2, 2024

Industry clusters set to generate B1.2bn

The Department of Industry Promotion (DIP) expects to generate 1.2 billion baht in economic value for Thailand with its plan to help entrepreneurs modernise their businesses through industrial cluster development.

Small and medium-sized enterprises (SMEs) as well as community enterprises will be grouped into clusters to receive assistance, including advice from experts on product upgrades, packaging design and financial issues.

The number of clusters will increase to 34 in fiscal 2022, up from 29 with 680 businesses this year, according to DIP.

The new fiscal year starts on Oct 1.

“Among the 29 clusters are coffee, spa and herbs as well as fruit processing and rubber,” said Nattapol Rangsitpol, director-general of DIP.

Officials also support target clusters in medical equipment, robotics and automation and digital products, with factories located in Bangkok, its…

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