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A Call for Thailand’s Industrial Competitiveness on the Basis of Innovation and Creativity
Source: prd.go.th
Source Date: Wednesday, August 18, 2010
Focus: Electronic and Mobile Government, ICT for MDGs, Internet Governance
Country: Thailand
Created: Aug 23, 2010

Prime Minister Abhisit Vejjajiva has urged industrial operators to get ready to meet all challenges in the future, saying that Thailand’s industrial competitiveness should be knowledge-based and focus on innovation and creativity.

The call was made on August 16, when the Prime Minister presented “The Prime Minister’s Industry Award 2010” to 31 outstanding industrial operators at Government House.

Organized by the Ministry of Industry, the Prime Minister’s Industry Award this year was the 18th of its kind. It was established in 1993 to develop the country’s industrial sector and promote adherence to international standards, in terms of quality, safety, environmental and energy conservation, innovation development, and creativity.

Prime Minister Abhisit cited the industrial sector as a very important sector in the Thai economy, as its share of GDP now stands at 40 percent. He said that the Government is aware of the need to strengthen the industrial sector in order to reduce the production costs of industrial operators and increase the value of Thai products and services. In this regard, the private sector and various institutes must join forces in developing labor skills, logistics, and designs for the sustainable development of the Thai industry.

According to the Prime Minister, in the first quarter of 2010, the Thai industrial sector grew by more than 22.8 percent and exports 28.2 percent, while the country’s economic growth rate came to 12 percent. It is expected that the overall growth rate in the first half of this year would be 10 percent, which indicates a quick recovery of the Thai economy.

The Prime Minister said that Thailand is adjusting to the consolidation of the ASEAN Economic Community to be realized by 2015, when the mobility of products, labor, and investment in this region would be evident. In the face of this situation, he said, the Thai industrial sector needs to improve its efficiency and competitiveness and prepare to face greater competition.

He pointed out that people expect the industrial sector to provide not only job opportunities but also better quality and standards all around, especially standards concerning environmental impacts and labor safety, as well as the quality of life in workplaces. So the management system must be improved in line with the changing situation.

The Prime Minister also said that the future of the Thai economy would depend on the competitiveness of the Thai industrial sector, which should be knowledge-based and emphasize innovation and creativity.
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