Varawut Funds OIE 5.884B for Future Industry Hub

Khaosod•Economy•17d ago

Reader Briefing

Minister of Industry Varawut Silpa-archa has assigned the Office of Industrial Economics to act as a think tank and policy driver using a budget of 5,884.18 million baht for 2026.

•Varawut Silpa-archa assigned the Office of Industrial Economics (OIE) to serve as the think tank and policy driver for the Ministry of Industry.
•The integrated plan for the development of future industries and services for fiscal year 2026 has a total budget of 5,884.18 million baht.
•The OIE is targeting the development of S-Curve industries including electric vehicles, robotics, and medical industries.
•The S-Curve industrial development plan is scheduled to end in 2027.

Overview

•Varawut Silpa-archa instructed the Office of Industrial Economics to use data analysis and economic forecasting to determine policies and strategies for industrial restructuring.
•Varawut Silpa-archa stated that the OIE must integrate cooperation with the public sector, private sector, and network institutions to implement the ONE MIND policy.
•The integrated development plan for future industries and services for fiscal year 2026 involves 49 projects from 14 agencies with a budget of 5,884.18 million baht.
•Production of electric vehicles and new energy vehicles (xEV) in 2025 reached 284,679 units, an increase of 50% from the previous year.
•Investment in automation systems certified by the CoRE Committee between 2020-2026 totaled 22,621.69 million baht.
•Between 2024-2026, 89,267 personnel in target industries were developed to support modern technology.
•Supakit Bunshiri stated the OIE will push for new potential industries such as medical devices, defense industries, and halal industries to reduce import reliance.
•The OIE is reviewing and preparing a new development plan to replace the S-Curve plan ending in 2027 for submission to the Cabinet.

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Key Entities

Person

Varawut Silpa-archa(วราวุธ ศิลปอาชา)ℹ️

Minister of Industry who assigned the OIE to be the think tank and policy driver.

Supakit Bunshiri(ศุภกิจ บุญศิริ)

Director of the Office of Industrial Economics.

Organization

Office of Industrial Economics(สำนักงานเศรษฐกิจอุตสาหกรรม)

The agency tasked with being the think tank and policy driver of the Ministry of Industry.

Ministry of Industry(กระทรวงอุตสาหกรรม)ℹ️

The ministry overseeing the Office of Industrial Economics.

CoRE Committee(คณะกรรมการ CoRE)

The committee that certifies investments in automation systems.

Cabinet(คณะรัฐมนตรี)

The body to which the new industrial development plan will be proposed.

Policy

ONE MIND

A policy with 4 pillars aimed at upgrading entrepreneur potential and competitiveness.

S-Curve

An industrial development plan targeting specific sectors scheduled to end in 2027.