IEAT joins hands with RAOT to develop the rubber industry.

Bangkok, The Industrial Estate Authority of Thailand (IEAT) joins hands with the Rubber Authority of Thailand (RAOT) to develop personnel and knowledge. To drive the country's rubber industry sustainably and concrete along with environmental management Mr. Yuthasak Supasorn, Chairman of the IEAT, presided over the signing ceremony of the Memorandum of Understanding (MOU) on research and development. Academic services and the possibility of operating a rubber business and related businesses that have potential in the industrial estate. Between the Industrial Estate Authority of Thailand (IEAT) and the Rubber Authority of Thailand (RAOT) to develop personnel and knowledge related to rubber in the industrial sector. By using the industrial estate management potential of IEAT together with the specialized expertise of RAOT to support the economic growth of the country. This is considered a part of increasing the country's gross product (GDP) and driving the country's rubber industry sustainably. along with envi ronmental management Mr. Weris Amrapal, Governor of IEAT, said that IEAT sees that RAOT is an agency with potential. and are ready to jointly support operations to achieve the objectives in accordance with government policy in driving the country's rubber industry. The overall rubber industry trend in 2024-2025 is expected to continue expanding in terms of both output and want to use From the recovery of industries in both domestic and international markets, such as automotive groups, rubber gloves, medical equipment Infrastructure that has a tendency to increase the use of rubber in construction Including government measures to maintain stability in rubber prices, therefore, IEAT and RAOT will jointly develop personnel and knowledge about rubber in the industrial sector. To drive the country's rubber industry sustainably Mr. Nakorn Takwiraphat, Governor of the Rubber Authority of Thailand, said that under this cooperation, both agencies intend to combine the potential of specialized knowledge. Both RAOT's specialized expertise in rubber and IEAT's industrial estate management, which RAOT is ready to support. Promote education, research, development, and adding value to rubber products. Focusing on the processing of rubber products that come from rubber farmers. and support investment in establishing rubber industrial estates From upstream to downstream in the areas of RAOT and IEAT, including activities to promote investment in rubber industrial estates. To create a fully integrated rubber business in the entire process. The rubber industrial estate will be an important part for development, increasing income, and creating career sustainability for rubber farmers. Farmers Institute and for increased benefits to all relevant sectors. as well as developing the country's economy for the better. For this memorandum of understanding between IEAT and RAOT, there is a framework and operational guidelines: 1. Promote and support education, research, development, or adding value to products. Production process or indu stries related to rubber 2. Support investment in establishing rubber industrial estates. From upstream, midstream, and downstream. 3. Support investment in rubber industrial estates. and the rubber industry Through investment promotion, this MOU is effective for a period of 2 years from the date of signing. Source: Thai News Agency