Thailand is taking a bold step to strengthen its industrial sector by offering direct financial support for the first time. The Board of Investment (BOI) announced a $153 million fund aimed at upskilling talent and upgrading domestic industries to meet global standards.
The initiative targets training for 100,000 people, including 30,000 university students and 70,000 workers, across high-tech sectors like biotechnology, advanced agriculture, electronics, food processing, and medical devices. The funding will cover everything from curriculum development to evaluation systems and management, ensuring programs align with the needs of high-tech investors.
Alongside workforce development, the BOI will support businesses in enhancing domestic supply chains. This move is designed to bring Thai industries closer to international quality standards, making local enterprises more competitive and attractive to investors.
Experts say these measures could strengthen domestic linkages and pave the way for increased investment in Thailand’s advanced manufacturing and innovation sectors. With a focus on both talent and infrastructure, the plan positions Thailand as a rising hub for industrial excellence in the region.
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