No products in the basket.
How is Thailand Bringing Technology to the Table?
Technology is revamping how the world works. We are leaving in a tech-savvy world where technological advancements are making their way to every industry.
You have players like Betway coming up. Yes, Betway Thailand is more popular than ever, with more players trying out Betway than before.
The agricultural sector too has never been left behind when it comes to implementing innovations. Over the past couple of years, the world’s population has been growing tremendously.
There are more mouths to feed, but the resources for food production are still limited. Most countries are looking for methods that they can use to ensure food security. First world countries are adopting new agricultural practices that are tech-savvy to deal with the food crisis.
Thailand taking the mantle
In Asia, a country like Thailand has taken the initiative to implement agricultural biotechnology in its industry. The country has long been considered as the kitchen of the world since it’s agricultural exports play a crucial role in its GDP.
For instance, it is the world’s leading exporter of rice. It also exports other outstanding foodstuffs such as cassava, pineapples, and canned tuna.
However, with only 34% of Thailand being arable land and the water resources declining to 36% of food security has become an issue in the country.
But the country has become one of the first countries in South East Asia to adopt agricultural biotechnology.
The country believes that biotechnology will help shape the agricultural sector. Agriculture is an essential element to the economy of the country. In 2017 the Thailand Board of Investment received 215 applications which are innovations related to the agriculture. The projects which are estimated to be worth $1.9 billion are expected to help various companies which are in the AgriTech and FoodTech.
What is the importance of agricultural biotechnology?
According to the National Policy Biotechnology Frameworks in Thailand, there are several goals which they aim to accomplish using this new technology. Some of the goals include;
- Improve crops yields and livestock production.
- Improve the agricultural yields by using organic fertilizers to increase microorganisms in the soil.
- Utilizing waste products from the farm to other industries such as biochemical substances, sweeteners, and bioenergy biopolymers.
Are their companies which are implementing agricultural biotechnology?
Agricultural companies in Thailand are already utilizing tech-savvy innovations to improve the quantity and quality of farm products. Some have also gone a step further to collaborate with farmers into using this form of technology.
For instance, a company such as Eden Agritech has come up with a spray that enables fruits to last longer when on sale.
Once the fruit has been sprayed, it can last 15 more days than other fruits. It has become the go-to choice for fruit farmers in the country.
As the country is moving towards Thai 4.0, the government is working with both public and private sectors to grow the agricultural industry. For instance, the government includes incentives such as income tax exceptions and visa work permits. All of these is geared towards increasing the economy of the country and ensuring food security.
Discover more from Thailand Business News
Subscribe to get the latest posts sent to your email.
You must be logged in to post a comment.