FRIDAY, March 29, 2024
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NESDC to tap Bt100 billion for funding labour training

NESDC to tap Bt100 billion for funding labour training

The National Economic and Social Development Council (NESDC) would propose new projects worth Bt100 billion to the Cabinet related to labour skills training and for investments in projects in the communities, council secretary-general Danucha Pichayanan said.

The projects would be funded from the Bt400-billion budget, which is part of the proposed Bt1-trillion borrowing to fund Covid-19 stimulus programmes, added Danucha, who is secreary of the state committee tasked with screening budget requests under the borrowing plan.

The Bt100-billion spending is also in line with Deputy Prime Minister Supattanapong Punmeechaow's policy to invest Bt400 billion focused on labour upskilling and reskilling.

Meanwhile, Supattanapong has instructed the Eastern Economic Corridor Office and the Board of Investment to seek ways to lure more foreign investment into Thailand.

Earlier, EEC Office secretary-general Kanit Sangsubhan said that the EEC office would adjust its five-year investment plan to adapt to the changing global situation.

The 2020-24 plan for infrastructure and targeted industries would be revised in light of US president-elect Joe Biden’s strategy to promote eco-friendly businesses.

Kanit said the EEC would focus more on trade and investment collaboration with the US, as well as woo foreign investment in new technologies such as 5G wireless broadband.

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