OSMEP invites entrepreneurs to join the HKTDC Food Expo 2024 in Hong Kong, promoting exclusive SME benefits under the “SME Privilege Club,” expanding export market and expected to generate over 116 million baht in sales
Ms. Panita Shinawatra, Acting Director General of the Office of Small and Medium Enterprises Promotion (OSMEP), announced that the exclusive benefits for publicly registered SMEs – first introduced in 2019 under the “SME Privilege Club: Special Club for SME” initiative – support SMEs in three primary areas. Firstly, the Enhanced Production and Cost Efficiency offers discounts on transportation, services, and material analysis to improve production processes and reduce costs. Secondly, the Sales Platform Expansion provides opportunities to increase sales through new platforms and participation in trade expos. Exclusive benefits include shared sales areas with leading retailers, discounts on fees, and favorable credit terms. Thirdly, the Investment Connection prioritizes financial support through privileges from financial institutions and investor assistance, such as liquidity-enhancing loans and financial consultancy.
The Acting Director General further noted that as part of the sales platform expansion, OSMEP is collaborating this year with the Small and Medium Enterprise Development Bank of Thailand (SME Bank) and the National Innovation Agency (NIA). They have invited entrepreneurs under the SME Benefit Enhancement Initiative to participate in the HKTDC FOOD EXPO PRO 2024. This event, held from August 15th to 17th, 2024, at the Hong Kong Convention and Exhibition Centre, showcases food, beverages, and related products from various regions. It features well-known producers and vendors from retail, wholesale, restaurants, department stores, and online platforms across various countries. Participating Thai entrepreneurs include Toepto Kaona Co., Ltd., Oweva Corp Company Limited, Boon Foods Co., Ltd., Narasamut Company Limited, Prikhom Inter Food Co., Ltd., Aura Food Co., Ltd., TasteDa Food Co., Ltd., Kosol-Ampa Company Limited, Chimthai Co., Ltd., and Sub Rosa Group Co., Ltd.
Ms. Panita emphasized that this year’s HKTDC FOOD EXPO PRO 2024 has been a resounding success for all involved, particularly for the 10 entrepreneurs who participated under OSMEP’s exclusive benefits for SMEs. These entrepreneurs showcased a wide range of products, including fried Thong bananas, 3-in-1 Thai milk tea, ginger milk tea, green tea, Taiwanese tea, instant ginger drink, candies and toffees, fried chicken skins, fish crackers, fried prawn chins, prawn chin chili paste, crispy prawn rice sprinkling powder, fried chive cakes, instant Korat noodles, ready-to-eat Pad Thai, healthy fish snacks, Mak Khaen-chili sprinkling, Mak Khaen paste, and chili sauce.
“The 10 entrepreneurs who showcased their products during the expo have received orders totaling more than 9 million baht and established trade negotiations with 85 partners in total. They are expected to generate over 116 million baht in sales by next year. OSMEP will continue to explore ways to include entrepreneurs in expos like this to bolster export opportunities for SMEs. Entrepreneurs and the general public interested in these benefits can register with OSMEP through SME CONNEXT, verified by SME ONE ID, free of charge. They will receive the latest updates and benefits related to production efficiency, cost reduction, sales platform expansion, investment connections, and access to activities under OSMEP’s partner initiatives,” stated the Acting Director General.
