In an effort to increase gross domestic product (GDP) of small- and medium-sized enterprises (SMEs) to 38 percent and the number of corporations by another 50,000, the SME board has approved urgent promotion of SME businesses in 2015, said Wimonkan Kosumas, deputy director-general of the Office of Small and Medium Enterprises Promotion (OSMEP).
The action was given during a meeting, chaired by leader of the National Council for Peace and Order and army chief Gen Prayuth Chan-ocha, on Friday, Aug. 29.
Ms Wimonkan said the SME board gave the green light to 13 projects involving four strategies which could start immediately.
The first strategy calls for the state to promote SMEs so that they could operate efficiently while the second requires SME business development which includes establishing an SME online business centre.
The third strategy calls for creating added value for SME goods and services and the last strategy calls for building networks between state and private operators, inside and outside the country, especially among ASEAN members.
The SME board also approved categorizing SME businesses to receive backing in 2015-2016, Wimonkan said.
Businesses to receive assistance would be those which could create major revenues for the country, using local raw materials and having an opportunity to sustain growth in the future.
