Bangkok: Pimjai Leeissaranukul, the new president of the Federation of Thai Industries (FTI), has introduced the "5I" principles to drive the development of Thai industry across various sectors. The framework focuses on technology, innovation, trade, infrastructure, and sustainability, aiming to help Thai industries adapt and compete on a global scale.
According to Thai News Agency, Pimjai's policy direction for 2026-2028, titled "The New Chapter of Thai Industry: Empowering Growth with 5I," seeks to establish a foundation for growth in the Thai industrial sector. The "5I" framework includes:
I1: Intelligent Industry - This initiative aims to upgrade industries through AI and automation, moving towards Smart Factories and Smart OEMs. Businesses will receive support for integrating technology into production processes, with collaboration from government and financial institutions to develop tools like the AI and Automation Transition Loan.
I2: Innovation and Creative Industry - The focus here is on transforming industries from OEMs to value-added brand creators. This involves promoting industry-driven R and D and supporting Thai brands in sectors such as health and wellness and rail transport systems, to enhance market opportunities.
I3: International Alliance and Network - Leveraging Thailand's geopolitical neutrality, the plan seeks to establish the nation as a Global Supply Chain HUB. By forming strategic alliances and enhancing supply chain integration, Thailand aims to expand trade and investment opportunities.
I4: Industrial Infrastructure Reform - This goal seeks to enhance competitiveness by supporting clean energy, revising outdated regulations, and protecting industries from unfair competition through measures like AI-powered anti-dumping monitoring. It also emphasizes human capital development and the MiT Plus policy for Thai products.
I5: Inclusive and Sustainable Growth - The initiative focuses on promoting low-carbon transitions and circular economy practices, along with the adoption of ESG principles in management, to ensure balanced and sustainable industrial growth.