Cabinet approves plan to create regional hub of ‘next-gen’ food
The Cabinet on Tuesday (April 28) approved an action plan to drive economic growth by transforming Thailand into Asean’s production hub for so-called next-generation processed food.
The plan lays out measures for the first phase of processed food industry development, from 2019-2027.
It covers rice, livestock, bio-food and health food products. Also incorporated are packaging and digital technology for food innovation.
The action plan will see the creation of a new generation of food makers who focus on innovation, value-added products and also intelligent packaging.
The plan will be funded by Bt6.671 billion from the 2020-2023 fiscal budget along with private investment of Bt2.224 billion.
The target is to make Thailand the Asean centre of production of next-generation food by 2027 and also place the country among the world’s top 10 food exporters.
