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Thailand Allocates $153 Million to Strengthen Industrial Competitiveness

Views: 0     Author: Site Editor     Publish Time: 2026-02-10      Origin: Site

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Thailand Allocates $153 Million to Strengthen Industrial Competitiveness

Thailand’s Thailand Board of Investment has announced a 5 billion baht (approximately US$153 million) funding programme aimed at improving industrial competitiveness and workforce skills.


Unlike traditional tax-based incentives, the programme will provide direct financial support to manufacturers, including subsidies for training up to 100,000 workers and assistance for operational upgrades. Officials said the initiative is designed to help Thai companies meet international standards and adapt to technological changes.


The move reflects a policy shift toward strengthening domestic industrial capabilities and supporting small and medium-sized enterprises in upgrading production processes.


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