Bangkok: "Teng Nattapong" leads the people's government team to the Federation of Thai Industries, unveiling a three-phase economic offensive plan aimed at driving economic growth and creating new industries in the country. If entrusted with the government, he is prepared to implement a clear plan in three phases: the first 100 days, the first year, and the first term.
According to Thai News Agency, today at the Passion Meeting Room on the 8th floor of the Federation of Thai Industries, Mr. Nattapong Ruangpanyawut, Prime Minister candidate and leader of the People's Party, along with the People's Government administration team and list MP candidates, met with executives of the Federation of Thai Industries to discuss policy directions.
Mr. Nattapong emphasized the need for a government that supports the private sector as the primary driver of the economy and is prepared to take immediate action with clear plans. He outlined a concrete economic development plan in three phases: the first 100 days, the first year, and throughout its term.
During the first 100 days, the government plans to plug economic leaks and ensure fair competition for Thai businesses by addressing substandard products and foreign-owned stores on platforms that distort competition. If left unaddressed, these issues could result in lost opportunities for Thai businesses and workers.
The government also aims to stimulate the economy through measures such as the "Half-Price Co-Pay" project and a 15 billion baht "SME Receipt Lottery" to boost small businesses. Additional support for domestic production will come from the "Half-Price Made in Thailand" project, with a budget of 10 billion baht for exchanging electrical appliances.
Furthermore, the People's Government plans to inject liquidity into small-scale investors and entrepreneurs nationwide, with initiatives including first-time homebuyer loans, SME loans, and transformation loans to upgrade sectors to the digital and AI era. These initiatives will integrate with the Federation of Thai Industries' projects like 'aFTi: Upgrading Industries to Go Digital and AI'.
Mr. Nattapong also highlighted plans to attract high-quality investment and create a competitive advantage by liberalizing clean energy and accelerating the Net Zero target to 2050. Amending power plant contracts to reduce electricity costs is also a priority, with an aim to cut costs by 25 satang/unit in the first year.
For the first fiscal year, the government intends to "deactivate outdated regulations" through Regulatory Guillotine Operation 18, making the economy more agile and competitive. Upgrading mechanisms to support manufacturing and streamlining permit application processes are also key initiatives.
The government plans to promote energy efficiency through installment payments for solar cells and energy-saving technologies. SME coupons, "Modern Agriculture 12" coupons, and Reskill coupons will enhance economic efficiency through market mechanisms.
The "Orange Megaproject for Quality of Life" aims to create jobs and upgrade public services through projects like electric buses, clean water initiatives, and port developments, with a budget of 10 billion baht.
Over a four-year term, the people's government aims to transform public sector investment into a strategy to create new industries, focusing on target industry groups like medical equipment, defense, semiconductor, and digital and AI industries, while utilizing available funds to enhance Thailand's competitiveness.
Mr. Nattapong concluded by reaffirming the People's Party's commitment to listening to industrial and private sector proposals to develop practical mechanisms. He emphasized the readiness of the People's Government to act immediately to re-industrialize Thailand and build a strong, sustainable economic foundation.