New technologies to strengthen ability in agribusiness, soft power activities and lasting advanced industries
PUBLISHED: 24 Jan 2025 at 21: 02
Prime Minister Paetongtarn Shinawatra has been highlighting Thailand’s willingness to welcome foreign investment in the digital economy, agriculture, soft power and sustainable industries at the World Economic Forum ( WEF ) this week in Davos, Switzerland.
At the” Country Strategy Dialogue on Thailand” forum, which is an annual meeting of world leaders and businesspeople, the prime minister on Thursday gave an overview of the president’s vision and plans to top executives from different companies.
Ms. Paetongtarn spoke at length about Thailand’s ability as a possible economic hub, including its proper location, and its position as the second-largest financial hub in Southeast Asia with world-class system and commercial holdings.
She stated that the nation is moving forward with the use of modern technology and new technology to increase its potential in three main areas: agriculture, soft power activities, and lasting advanced industries.
Thailand has been encouraging the use of AI and robots in the agricultural sector to increase the precision and effectiveness of farming practices and manufacturing.
This may help preserve the country’s power as a “kitchen of the world”, she said, according to a conclusion released by her company.
The state also gives great value to the innovative sector, which includes hospitality, and is glad to rank among the world’s most popular hospitality destinations, she added.
According to Ms. Paetongtarn, Thailand has position itself as” a place for pleasure” where visitors from all over the world can create lasting memories and recharge their batteries before moving home.
She stated that Thailand is also trying to be a hotspot for the medical and health sectors, which are anticipated to quickly become a significant contributor to the nation’s ongoing economic development.
Green plan
Thailand also supports the natural world plan by encouraging bio-based companies and adopting the bio-circular-green (BCG) financial model, which includes green technology and investment.
She noted that the development of an intensive ecosystem for electric vehicles was also underway as she turned to innovative industries that may shape the country’s future. Additionally, Ms. Paetongtarn noted that the development and operation of new data centers is helping to advance the modern business.
Thailand also aims to raise its capacity of using renewable energy, especially solar, wind and biomass, to generate electricity by at least 50 % by 2040, she added.
The top said that in developing its online economy, Thailand now focuses on two key elements: modern facilities and human resources.
She said the state works to attract more foreign investors to invest in advanced industries like cloud services, data centers, and semiconductor production in Thailand while encouraging the development of economic technology to give local businesses more opportunities to compete at the international level.
The prime minister also cited the advantages of multilateral efforts to promote free trade and investment, adding that Thailand now intends to start negotiations with other nations and territories, including the European Union ( EU) and South Korea.
She also emphasized the value of all countries collaborating to create harmony while pursuing growth and success.
Thailand is your partner who is determined to make investments for a better potential, according to the PM.
On Saturday, Ms. Paetongtarn will make her return to Thailand.