India-Thailand freetrade agreement talks move ahead
Thailand has indicated softening of stance on some of the issues in the freetrade agreement it is negotiating with India, bringing the pact closer to reality after more than 10 years of talks. Top officials in the ministry of commerce and industry said Bangkok has shown more flexibility recently over…
Thailand’s Sound Fundamentals Attractive to Foreign Investors
Governor of the Bank of Thailand Prasarn Trairatvorakul believes that Thailand will continue to receive the attention of foreign investors because of its sound fundamentals and attractive prospects. In his address on the topic “Connecting Thailand to the New Investment Frontiers” on 28 August 2013, Mr. Prasarn pointed out that…
India has a huge market with its vast population of 1,200 million people
BOI Secretary General Mr. Udom Wongviwatchai said that India is one of Thailand’s target countries for investment promotion under the BOI’s new policy. India’s economy is the world’s 10th biggest and Asia’s 3rdbiggest after China and Japan. BOI investment promotion services in Mumbai will not only convince investors to invest…
Thailand’s Siam Cement plans to set up production unit in India
Thailand-based The Siam Cement Public Company Limited (SCG), makers of Smartboard fibre cement sheets and Smartwood fibre cement based wood alternatives, is planning to set up a manufacturing plant in India. “SCG is expected to set up the manufacturing facility within two years involving an investment of about $ 50…
Visitors throng Thailand Trade Fair in Bangalore
A three-day Thai exhibition to improve bilateral trade ties between Thailand and India concluded here today. Visitors were enthralled by a wide variety of items in the 25 stalls put in the trade fair, ranging from jewellery, footwear, decorative items to eateries. “There are lots of fresh juices and natural…
India set to sell more sugar; Thai raw premiums ease
India, the world’s largest sugar consumer, is expected to sell more white sugar to reduce excess stocks and exploit a weaker rupee while competition from Brazil has cut the premiums for Thai raws, dealers said on Thursday. The widely traded high polarisation, or hipol, Thai raws for prompt delivery were…
Thai-India trade likely to double to $16 billion by 2015: Thai official
Stating that the rupee devaluation will have short-term impact on trade, a senior Thai official today said bilateral trade between India and Thailand is expected to double to $16 billion by 2015, on increase in trade volumes. “In past five years, trade volume between two countries increased by an average…
Thailand in favour of lifting ban on gold exports to India
Thailand has set up a committee of senior government officials and trade representatives to discuss the trade barriers in gold jewellery exports with India. Talking on the sidelines of the Thailand Shopping Festival-2013 here on Sunday, Adul Chotinisakorn, executive director and consul (commercial), Thai Trade Centre, said: “We are concerned…
‘India-Thailand biz partnership a win-win situation’
Director of Regional Economic and Investment Centre, Thailand, Sakchai Luangsathitku, said on Wednesday that India-Thailand business partnership is a win-win situation for both the countries and urged city enterprenuers to invest in Thailand. Addressing the CII Chandigarh members at an interactive session with the members of Thailand Board of Investment…
Team Thailand in Mumbai visited Thai jewellers at IIJS 2013
On 8 August 2013, Team Thailand in Mumbai comprising Consul-General, Director of Thai Trade Office, GM Thai Airways International (Mumbai) and GM Krungthai Bank (Mumbai) visited Thai jewellers participating in India International Jewellery Show 2013 (IIJS) at Bombay Exhibition Centre in Mumbai. On this occasion, Team Thailand discussed with exhibitors…