The Thai cabinet decided to inject the second portion of funding worth 5 billion baht to help improve the competitiveness of almost 100,000 small and medium-sized enterprises (SMEs).
Industry minister Atchaka Sibunruang said that the second funding would target 15 projects ranging from improving the creativity and innovations of the SMEs, reengineering, promotion of product designs to skills development and franchise development.
The Commerce, Industry, Science & Technology ministries and the SME promotion office will jointly help implementing 11 projects aimed to help the SMEs at a total cost of 1.8 billion baht. Altogether over 27,000 SMEs will benefit from these projects.