Cabinet gives green light for competitiveness fund
Cabinet has approved in principle the Finance Ministry (MOF)'s proposal to set up a Bt10-billion national competitiveness promotion fund to boost new investment projects in a total of ten "future" industries targetted by the government.
These industries as identified by the Industry Ministry are expected to be the country's new engines of economic growth.
These industries consist of five existing industries which will be technologically upgraded and another five new industrial clusters covering nextgeneration cars; smart electronics; affluent, medical, and wellness tourism; agriculture and biotechnology; food; robotics for industry; logistics and aviation; biofuels; and biochemical, digital, and medical sectors.
“The fund will be used to support our policy objective beyond the what the BoI (Board of Investment) can offer to investors. There will be a new legislation to implement measures under this proposed fund. Cabinet approval is expected in the next one to two weeks,” Finance Minister Apisak Tantivorawong said.
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