By the Blouin News Business staff

Thailand debuts innovation hub ‘Food Innopolis’

by in Asia-Pacific.

Thai seafood. (Source: Krista/flickr)

Thai seafood. (Source: Krista/flickr)

On Friday Thailand launched Food Innopolis, an innovation center aimed at making the country “the kitchen of the world.” The new initiative will “develop foods of the future and bio–based industries to keep competitiveness and enhance the entire value chain from soil to waste,” said Deputy P.M. Somkid Jatusripitak. “Thailand will also be looking at functional foods to meet specific requirements for the elderly, athletes or patients, with supporting innovations for packaging, information technology and logistics as well as research and development into food ingredients and additives,” he added.

Thailand’s food industry is a major driver of the economy, worth $26 billion in 2015. It accounted for 12.3% of total exports and 6.7% of the country’s GDP. Currently, about 45% of Thai food exports are unprocessed raw materials. However, that percentage should start declining, as Food Innopolis could accelerate the country’s…

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