Garment firms race to innovateCluster programme finally gets attention
Bangkok Post, Thailand
BUSRIN TREERAPONGPICHIT
”No tears before seeing the coffin” is an old Thai saying that may not be too inappropriate to describe the closure of debt-ridden Thai Silp South East Asia Import Export Co, because it could happen to other manufacturers. The country’s textile and garment manufacturers have been warned for years that they have to move up the value chain and forget about cheap, labour-intensive goods. They’ve also been told that they could not count on a cheap baht forever. But not many listened, and few have taken advantage of numerous programmes offered to help make their industry more competitive.
Since Thai Silp shut down and left more than 5,000 workers jobless, such programmes are expected to receive a more favourable response as many manufacturers are concerned about making their businesses survive. Read more about Garment firms race to innovate …