1,000 SMEs win tenders for projects worth Bn 68 billion
About half of 2,000 small and medium-sized enterprises (SMEs) have won auctions for government projects valued at around 68 billion baht as part of the Made in Thailand campaign, which promotes the use of locally made products and aims to boost the economy.
The program aims to help local businesses, including SMEs, through government procurement projects.
2,000 companies have already registered to participate in the program between January and June, and the number is expected to rise to 5,000 within this year, with a variety of products including 50,000 items, said Supant Mongkolsuthree, chairman of the Federation of Thai Industries (FTI) .
SMEs interested in the program must register through the Comptroller General department.
The top five products sourced under the program are building materials, followed by electronics, air conditioning, medical equipment, and apparel and textiles.
“The Made in Thailand program will support local products used in government infrastructure development and other investment projects,” said Mr Supant.
Treasury Secretary Arkhom Termpittayapaisith previously said the program would fix the proportion of local produce at no less than 60% of the total amount used for government projects.
In the case of the articles steel and iron used, the proportion rose to 90%, he said.
According to the Ministry of Industry, the government has allocated a budget of 1.77 trillion baht to government procurement projects in fiscal year 2021.
The government expects the program to create an economic value of 1 trillion baht.
FTI previously said that companies wishing to join the program can submit their applications to the association.