Picture courtesy of CEPS
Industry Minister Akanat Prompan announced plans to establish an Industrial Reform Fund worth at least 20 billion baht (US$593 million).
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Industry Minister Akanat Prompan announced plans to establish an Industrial Reform Fund worth at least 20 billion baht (US$593 million). This initiative aims to support manufacturers, particularly small and medium-sized enterprises (SMEs), in addressing liquidity challenges and enhancing their competitiveness.
SMEs are currently facing significant liquidity issues and difficulties in accessing financial resources amidst intensifying competition and rapid technological advancements, Akanat stated.
The ministry already oversees several funds designed to assist SMEs.
“We will integrate these funds into a single fund.”
Akanat noted that while many existing funds are well-intentioned, their functions often overlap. Managing them under the Industrial Reform Fund would provide clearer objectives, he added.
Creating this new fund may necessitate amendments to…