Home / Knowledge / News / Textiles / Textile SMEs wary of expanding in ASEAN region
Textile SMEs wary of expanding in ASEAN region
23
Feb '10
Arthit Wuthikaro, Director-General of the Department of Industrial Promotion (DIP), stated that merely 10 percent of the small and medium enterprises from Thailand are willing to branch out into ASEAN regions.

He opined that, by and large, Thai SMEs are required to acclimatize to become Asean SMEs and thereby look out for a mutually benefiting collaboration. Also that, the country is required to demonstrate enhanced interest in neighbourhood countries.

Mr Arthit said that with a view to promote its expansion in ASEAN, DIP programme will mainly be focusing on top 10 percent or say around 90,000 SMEs. He added that, the leading small enterprises who are interested in reaping potential benefits under the ASEAN Free Trade Area (AFTA) have requested the department to provide more information about the same.

Countries like Laos, Vietnam, and Cambodia with low labour cost extend an opportunity to Thai SMEs to invest in foreign countries and alongside also build up their supply chain, he said.

DIP has been concentrating on creating business operators worldwide for the ASEAN region by managing business synchronizing opportunities for SMEs.

Mr Arthit anticipated that the development process is going on in 30 percent of the SMEs in Thailand whereas, other one third are satisfied with current state of affairs and the rest are willing to adapt but they either lack information or are nervous to adjustments.

Next to textiles and apparel, processed agricultural food and beverages are the two groups which are very much keen on development.

Manop Chivatanasoontorn, director of the Bureau of Industrial Management Development, informed that Cambodia, Burma, Laos and Vietnam would be the initial focal points as, the labour-intensive industries like steel, machinery and textiles and also the industries capable of using raw materials like rice and para rubber has high potential in these countries.

Fibre2fashion News Desk - India


Must ReadView All

Pakistan’s FBR imposes 5% sales tax on cotton import

Textiles | On 21st Jul 2018

Pakistan’s FBR imposes 5% sales tax on cotton import

Pakistan’s Federal Board of Revenue recently withdrew sales tax...

Bangladesh drafts policy for Tk1,000 cr govt jute fund

Textiles | On 21st Jul 2018

Bangladesh drafts policy for Tk1,000 cr govt jute fund

Bangladesh will set up a Tk10,000-crore Jute Sector Development Fund...

Ahmad A. Al Sa’adi and Kwon Pyung-Oh display a comprehensive Memorandum of Understanding; Courtesy: Saudi Aramco

Textiles | On 21st Jul 2018

Saudi Aramco, KOTRA sign MoU for business cooperation

Saudi Aramco has signed an MoU with the Korea Trade-Investment...

Interviews View All

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Ashish M Amin

Premier Looms is a leading provider of cutting-edge machinery and...

Carolin Russ

Weko, Weitmann & Konrad GmbH & Co KG, based in south Germany, is...

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


July 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search