Thai companies keen to invest $3 bn in Indian infra projects
Mumbai: Several Thailand-based companies which are operating in India plan to invest around $3 billion in the next three years period in the areas of green and brown field projects including energy, infrastructure and metals.
"The Thailand based companies see good opportunity here and are looking to invest around $3 billion by 2020. The fast growing Indian market remains attractive for Thai investors given the opportunities in green and brown field projects including energy, infrastructure and metals," Thai Trade Center executive director and consul Suwimol Tilokruangchai said here.
"We are looking towards India with a great interest from last seven decades and plans to enhance the bi-lateral trade thanks to the positive approach of both the Thai and Indian governments," she added. Over the decades, nearly 30 Thai companies are active in the field of infrastructure, real estate, food processing, chemicals, hotel and hospitality sectors in India. Currently, Thai goods have benefited from the second FTA agreement with 10 members of ASEAN region with India.
Since the Thailand too falls under ASEAN group, Indian traders and importers can benefit from these FTA, Suwimol added.