Pongsak approves 4-yr growth plan

News

Industry Minister Pongsak Ruktapongpisal yesterday approved a proposed four-year initiative aimed at promoting domestic industries and increasing annual industrial growth by 6 per cent to achieve a gross industrial product of Bt3.3 trillion by 2008, from Bt2.3 trillion last year.

The proposal, which is in line with the development plan of the National Economic and Social Development Board, consists of four main objectives: restructuring the industrial sector, creating an industry-supportive environment, creating an industrial community and managing the industrial environment.

Industry Ministry permanent secretary Chakramon Phasukavanich said the proposal would be forwarded to Prime Minister Thaksin Shinawatra in the next two weeks. Once approved, it will be put before Parliament and then will become the blueprint for promoting Thailand’s competitiveness in the world market over the next four years.

The initiative is expected to help create 50,000 entrepreneurs annually. The Industry Ministry will work with small industrial corporations and the industrial community to promote sustainable industrial growth.

The platform is intended to promote value creation, complementing the government’s policy of creating bilateral free trade agreements with various countries.

To achieve this goal, the government must promote the country’s industrial clusters, and reform 17 pieces of legislation to create a supportive environment, including laws governing mining, factories and industrial standards.

Published on March 01, 2005

Watcharapong Thongrung

The Nation

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