Bangkok: The Industrial Estate Authority of Thailand (IEAT) has partnered with the Federation of Thai Industries (FTI) to enhance investment in targeted industries, aiming to drive Thailand's economic growth. The collaboration was formalized through the signing of a Memorandum of Understanding (MOU) between the two organizations.
According to Thai News Agency, the MOU was signed by Mr. Sumet Tangprasert, Governor of IEAT, and Mr. Kriangkrai Thienukul, Chairman of FTI. The agreement focuses on accelerating investment in targeted industries and developing laws and regulations to facilitate business operations. It also emphasizes the importance of supporting a One Stop Service, the Investment Fast Track, and promoting sustainability.
Mr. Sumet mentioned that the partnership represents a synergy between IEAT and FTI, each bringing its strengths to the table. IEAT is equipped with space, infrastructure, and investor facilitation, while FTI has a deep understanding of industry needs. The collaboration aligns with IEAT's NOW Thailand policy and FTI's One FTI policy, aiming to create effective investment strategies that meet the industrial sector's demands. This initiative seeks to elevate Thailand's target industries, positioning them as new growth engines for the Thai economy.