Newly appointed Industry Minister Varawut Silpa-archa has vowed to help Thai manufacturers weather the impact of geopolitical conflict and rising energy costs, while steering the country's industrial sector towards greener, more sustainable practices under the government's bio-, circular and green (BCG) economic model. Global crude oil prices have surged, and supply chains have been disrupted following the Israel–US war with Iran, creating fresh challenges for Thai industry. Thailand's industrial sector remains a cornerstone of the economy, driving GDP growth and exports in key areas such as electronics, automotive, and processed foods. Under the BCG framework, manufacturers are encouraged to adopt technologies that add value to products while minimising environmental impact. By combining immediate relief with long-term sustainability goals, the new minister aims to position Thailand's industrial sector as a leader in innovation and green manufacturing on the international stage.

Source: Bangkok Post April 08, 2026 01:38 UTC