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…
India has overtaken Japan to become third largest economy: OECD
India has probably surpassed Japan to become the world’s third largest economy after the US and China, Paris-based think tank OECD said on Wednesday even as it lowered the country’s economic growth projection for 2013 to 5.3%. The Organisation for Economic Cooperation and Development (OECD), which in November had projected…
Thailand to crack down on rerouting of gold to India
Thailand has agreed to retrospectively re-examine rules of origin certificates issued to Indian gold importers after New Delhi said third-country gold was routed through Thailand to take advantage of concessional duty available under India-Thailand free trade agreement. If any certificate is found lacking, importer will have to cough up…
India’s Steel Industry Gets Good and Bad News At the Same Time
It’s a tale of two nations trying to protect their domestic steel industries. Recently, Thailand decided to continue with the imposition of a “provisional safeguard” duty on the import of rolled flat steel products of a certain specification, which could directly impact India’s steel exports. Even as Indian steel manufacturers…
Tata Nano scheduled for Thailand launch in third quarter of 2013
Tata Motors has decided to enter into Thailand’s passenger car market (Tata already sells its range of light commercial vehicles in Thailand) with the launch of its small car, the Nano. Since its launch as the ‘World’s cheapest car’ in 2008, the Nano has turned the global attention towards it…
Thailand wins Best Spa Destination Award (Asia) at 6th GeoSpa AsiaSpa India Awards 2012-2013
The 6th GeoSpa AsiaSpa India Awards were held at the Kingdom of Dreams, Gurgaon, on 29th April to celebrate the Spa and Wellness industry. Thailand bagged the “Best Spa Destination (Asia)”, Reader’s choice Award voted by the readers of the AsiaSpa India Magazine, which is the most popular spa and…
Apollo Tyres makes Thailand its ASEAN hub
Apollo Tyres Ltd, opened its Sales Office in Bangkok to serve the entire ASEAN region, with Thailand as the hub of operations. This region would be catered to by exports out of India currently. After Dubai for the Middle East region, this is the second hub outside company’s operations in…