‘We’ll trade you yoga for Thai massage’: India proposes duty-free services deal with Thailand
If everything goes well, Thai massage parlours and spas will soon make a foray into India. A yoga-for-massage barter proposal which is doing the rounds in the Commerce Ministry and the Ministry of External Affairs may break the logjam with Thailand over the free trade agreements (FTAs). As per the…
NRIs and foreigners can’t leave the country with rupee
MUMBAI: Thanks to a new directive from the Reserve Bank of India (RBI), from now on every non-resident Indian ( NRI) and foreigner leaving the country will have to compulsorily change Indian rupees in their possession into a foreign currency before they board the flight. It’s a common practice among…
Tata’s Thai plant to export pickup trucks to Malaysia
Tata Motors, India’s biggest car maker, is to export its pickup trucks from its Thai assembly plant to Malaysia, aiming to ship 500 in its 2013 fiscal year ending March 31 next year. Sanjay Mishra, chief executive of Tata Motors (Thailand) Co, said the company has appointed Malaysian partner DRB-Hicom…
Indian wine may soon enter Thai market
Indian wine, which is slowly making itself seen in wine cellars in several countries, could soon enter the vast Thailand’s vast market as an accompaniment to spicy Thai cuisine. “The Thai palate is similar to the Indian palate, our wines are well suited to Thai and Indian cuisine,” Jagdish Holkar,…
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…