Federation of Thai Industries (FTI) also formerly known as the Association of Thai Industries (ATI), came into existence on 13 November 1967, and was upgraded on 29 December 1987. It was a transformed body of ATI, which was created in 1967. FTI is a
private sector
The private sector is the part of the economy, sometimes referred to as the citizen sector, which is owned by private groups, usually as a means of establishment for profit or non profit, rather than being owned by the government.
Employment
The ...
organisation that brings together industrial leaders to promote
Thailand
Thailand ( ), historically known as Siam () and officially the Kingdom of Thailand, is a country in Southeast Asia, located at the centre of the Indochinese Peninsula, spanning , with a population of almost 70 million. The country is bo ...
's economic development. The main objectives of FTI are to represent Thai manufacturers at both national and international levels, to help promote and develop industrial
enterprises, to work with the government in setting up national policies, and to offer consulting services to members.
FTI cooperates with the government to mobilize Thai industries to reach
international markets
Globalization, or globalisation (Commonwealth English; see spelling differences), is the process of interaction and integration among people, companies, and governments worldwide. The term ''globalization'' first appeared in the early 20t ...
. It acts as a "
matchmaker" between foreign
industrialist
A business magnate, also known as a tycoon, is a person who has achieved immense wealth through the ownership of multiple lines of enterprise. The term characteristically refers to a powerful entrepreneur or investor who controls, through perso ...
s and Thai resources which combine the financial strength, planning ability, and persuasive power of Thailand's industrialists.
External links
* {{official website, http://www.fti.or.th
Industry in Thailand
Organizations established in 1967
1967 establishments in Thailand
Organizations based in Bangkok