Thailand seeks India’s cooperation in a number of sectors, such as aerospace, automation, medical devices, pharmaceutical, bio-technology and IT/ITes, as it strives to transform into a value-based economy. The Thailand Board of Investment (BOI) invited 2,500 investors from across countries to its mega seminar Opportunity Thailand 2017, especially interested in investments from India.
“According to the government’s Thailand 4.0 model, 10 target industries have been identified as the new engines of growth to transform the country into a regional innovation hub through the use of creativity, advanced technology, research and development and human resource development. Indian companies can contribute in all these sectors,” said Kanokporn Chotipal, at BIO.
The India-Thailand Free Trade Agreement being considered by the two countries could play a big role in boosting trade and investments. “A full-fledged FTA can play a vital role to boost trade for both sides, and will lead to investment as well. Trade volume has increased significantly after the Early Harvest Scheme of Thailand-India was put in place and the ASEAN-India FTA was implemented. Definitely, an FTA can complement each other’s economy in the long run,” said Chotipal.
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Thailand seeks partnership with India
VATIS UPDATE Part
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