February 19, 2009
Bangkok (ASTV Manager Online) – Thai textile industry will still grow this year due to agreement with Japan, and more employees tend to be hired in the food industry.
Mr. Virat Tandechanurak, director of the Thailand Textile Institute, targeted the textile exports would grow by 10 percent this year.
Textile exports valued more than 7,000 US dollars in 2008.
Textile growth is partly because Japan which used to invest in China has turned to invest in Thailand more.
Virat expressed concern over the non-tax barriers, urging the government to get rid of such obstacles.
He confirmed the situation in the textile industry was not worrying since workers could move to work at another plant if one plant closed.
Mr. Yuthasak Supasorn, director of the National Food Institute, said food industry differed from other industries. So far, there has been no layoff. Rather, more employees would be hired due to growth in food industry.
It is expected food exports will value about 724,000 million baht this year.
