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India to import rice from Thailand and Vietnam
The government seems to have finally woken up to the impact of drought. With a shortage in the supply of rice, the government has been forced to resort to imports. Commerce minister Anand Sharma says that India is already in talks with South East Asia’s big rice producers like Thailand and Vietnam.
A final decision on the quantum of exports required is expected in a few days when the empowered group of ministers meet.
Blame the erratic monsoon and the resultant drought and the overall rice production is expected to drop by over 18 per cent to 69.45 mn tonnes this year.
India is already facing a shortfall of 15 million tonnes in rice supply in the current fiscal. And compare that to last year’s record rice harvest of 84.58 mn tonnes and the situation seems very grave.
China
Bangkok 7th World Most connected city to China
Bangkok also ranks 3rd in terms of the volume of Chinese corporate leasing activity over the last three years, according to a new report from real estate consulting firm JLL.
While China’s biggest corporates are increasingly flexing their global muscle as the country’s economic and geopolitical influence accelerates, Bangkok is the 10th most popular destination for mainland firms expanding overseas. (more…)
Featured
Thailand’s Special Economic Zones (SEZ) and new opportunity connected
The SEZ policy was first launched in 2015 based on the government’s belief in the strong potential of the 10 areas to connect with the neighboring countries in terms of trade, economy and investment
With its strategic location in the center of ASEAN with emerging markets, including Cambodia, Laos, Myanmar, Malaysia and southern China, on its border, Thailand is well position to connect investors to new opportunities arising from the increasing border trade and the region’s rapid economic growth.
(more…)
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