BUSINESS & FINANCE
Indo-Thai bilateral trade to touch USD 11 bn in 2018
The bilateral trade between India and Thailand is expected to touch USD 11 billion in 2018 from USD 10 billion in 2017, a senior government official said.
"Thailand views India as the gateway to South Asia and beyond. As a result of the reduced tariff rates and new initiatives adopted by both the countries, bilateral trade has increased in recent years," Consul General of Thailand in Mumbai Ekapol Poolpipat said after inaugurating 3-day Thailand Week 2018 here.
"The bilateral trade between India and Thailand is expected to touch USD 11 billion during the current financial year from USD 10 billion in 2017," he added.
To offer the latest Thai technologies and products to the Indian consumers, the department of international trade promotion, ministry of commerce, Thailand and Thai Trade Centre Mumbai, has organised a three day "Thailand Week 2018" between 7- 9 June.
In view of taking advantage of the fast growing Indian economy, several Thai companies are also keen to make investments in India.
"The Thailand based companies see good opportunity here and looking to invest around USD 3 billion by 2020. The fast growing Indian market remains attractive for Thai investors given the opportunities in green and brown field projects including energy, infrastructure and metals," Thai Trade Centre executive director and consul Suwimol Tilokruangchai said.
"Thailand based companies see a big potential in Indian energy, metals as well as infrastructural facilities," she added.
Over the decades, nearly 30 Thai companies are active in the field of infrastructure, real estate, food processing, chemicals, hotel and hospitality sectors in India.
The Thai government has also invited Indian companies to investment in Thailand. At present around 40 Indian companies have made an investment of around USD 2 billion in the areas of software, agri chemicals, electric car development in Thailand.
Leading Indian companies include, Tata Motors (Thailand), Tata Steel Thailand, TCS, The Aditya Birla group, Mahindra Satyam, Lupin, NIIT, Kirloskar Bothers, Punj Lloyd group, Ashok Leylands, Jindal group and Usha Siam Steel Industries are active in Thailand.
- India facing real challenge at WTO: Suresh Prabhu 21 Jun 2018 | PTI
- Gold slips by Rs 200 on low demand, global cues 21 Jun 2018 | PTI
- Key Indian equity indices open in green 21 Jun 2018 | IANS
- Uber India Systems sees profit grow marginally to Rs 19 cr in FY17 20 Jun 2018 | PTI
- AIIB ready to pump in $1.9 b more into the country 20 Jun 2018 | PTI
- Bosch plans to invest Rs 1,700 cr in India in next 3 ys 20 Jun 2018 | PTI
- OYO hotels announces its foray into China 20 Jun 2018 | IANS
- Bank Of Maharashtra CMD arrested in Rs 3,000 cr fake loans case 20 Jun 2018 | IANS
- Markets open on a higher note on Wednesday 20 Jun 2018 | IANS
- RBI revises upwards housing loan limits under priority sector 19 Jun 2018 | PTI
Sunday EditionView All
17 Jun 2018 | VR Jayaraj | Kochi
In a swift move intended at stemming the protests brewing in the State police force against certain top officials’ ‘feudalistic’ practice of persecuting policemen and camp followers by using them as house servants, the Kerala Government on Saturday removed ADGP Sudesh Kumar, whose daughter was the other day booked for assaulting and verbally abusing his official police driver, from the position of head of the Armed Police Battalion. The action against...
STATE EDITIONSView All
22 Jun 2018 | PNS | Chandigarh
Haryana Government on Thursday constituted an Officers’ Committee under the chairmanship of Chief Secretary to examine the cases sent by Administrative Departments in respect of level or class of officers whose re-employment is essential in their respective Department. Apart from this, the State Government has also issued guidelines for every department in respect of re-employment after the age of 58 years as per the decision taken in the Haryana Cabinet meeting...