Fashion SMEs in Thailand to get boost
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The Industry Ministry of Thailand has earmarked THB120 million to support small and medium-sized fashion enterprises wanting to explore opportunities in neighbouring countries next year.
Thailand’s fashion cluster, covering apparel, jewellery and leather products, has the potential to compete with Cambodia, Laos, Myanmar and Vietnam, says Arthit Wuthikaro, director-general of the Industrial Development Department.
“SMEs in other industry clusters will obtain the same support for expanding business abroad, notably in ASEAN, if they have strong business potential,” he said.
Questions & Answers
Q.Which specific types of businesses are covered by Thailand's fashion cluster?
Which specific types of businesses are covered by Thailand's fashion cluster?
The fashion cluster in Thailand encompasses businesses involved in apparel, jewellery, and leather products. These are the specific areas identified as having the potential to compete internationally.
Q.What is the primary goal of the THB120 million earmarked by the Industry Ministry?
What is the primary goal of the THB120 million earmarked by the Industry Ministry?
The THB120 million has been allocated to support small and medium-sized fashion enterprises. Its purpose is to help them explore business opportunities in neighbouring countries starting next year.
Q.Will other industries also receive similar funding for international expansion?
Will other industries also receive similar funding for international expansion?
Yes, other industry clusters with strong business potential will receive similar support. This funding is specifically for expanding their operations abroad, particularly within ASEAN countries.
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