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India, Thai trade ties to boost textiles

Thailand is interested in trade engagements with India. The two countries are facilitating the private sector by liberalising policies. The major sectors of interest between India and Thailand are energy, automotives, electronics, food, rubber, software, chemicals, textiles, spa, real estate, gems and jewelry.

Thailand is waiving taxes and rules and processes to facilitate investments. Supply and production chain and linkages will be developed to enhance trade and investment opportunities between the two nations. Industry on both sides is being urged to explore more avenues for cooperation and capitalise on the strengths of each other to take the economic and strategic partnership forward. Both are important regional partners linking South and Southeast Asia. Business linkages have grown stronger over the years with connectivity improving. Today there are approximately 150 flights a week between India and Thailand. The actual inflow of FDI from Thailand into India from April 2000 to August 2014 was close to $179 million.

 
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