Opportunities to develop Thailand’s agricultural sector with the BCG model and leap forward in research investment in Thailand

       Research investment in Thailand is considered an opportunity for the development of Thailand’s agricultural sector. Thailand has given great importance to the acceleration and development of agricultural technology, as well as continuous agricultural innovation, especially in the past decade. This is an opportunity to develop Thailand’s agricultural sector with the BCG model.

       Thailand's investment in agricultural technology research and development increased to approximately 3,200 million baht in 1999, and investment in technology research and development for the agricultural sector increased up to 24,800 million baht in 2017, equivalent to 10,500 million baht when compared when adjusted for inflation as of 2011.

       The proportion of investment in agricultural technology research and development in Thailand is 1 percent of GDP, which is considered a high rate compared with the rate in other ASEAN countries. In addition, the private sector has also played an increasing role in investing in research and development of technology, with the proportion of investment increasing from 30 percent in 2007 to 50 percent in 2017. It is a leapfrog research investment in Thailand.

       In addition, a National Biobank has been established to preserve and utilize the abundant biodiversity in Thailand; it is a forward-looking investment in infrastructure technology to support the development of the agricultural sector when it comes to research and development of important technologies. The specimens stored in both plant and microbial bioresource banks are an important base for breeding to create new varieties that meet industry needs, such as high antioxidant content, high sugar content, and high-fat plants, as well as the development of biochemicals and microbial feed additives. It is another factor that will greatly benefit Thailand's agricultural sector in the future.

Source : National Science and Technology Development Agency (NSTDA)
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