Connect with us
CGIF-10th-Year-Anniversary

Business

Thailand’s BOI opens new investment promotion office in Mumbai

Thailand will promote investment opportunities among Indian investors through new investment promotion services in Mumbai beginning on June 26th, 2013

Aishwarya Gupta

Published

on

Industry Minister, Mr.  Prasert Boonchaisuk will join the BOI’s road Show to India from 25-27 June 2013. During his stay there, he will preside over different activities hosted by the Board of Investment (BOI), including the establishment of an “India-Thailand Business Forum” aimed at enhancing cooperation between the Thai and Indian private sectors.

On 26 June 2013 the BOI will host a seminar on the topic, “Thailand-India Investment Opportunities” in cooperation with FICCI to provide an overview of investment opportunities in both countries presented by the BOI Secretary General.

BOI Press 1-01

Thailand will promote investment opportunities among Indian investors through new investment promotion services in Mumbai beginning on June 26th, 2013

Participants in the seminar will be representatives from both countries, including the vice chairman of the Federation of Thai Industries, the chairman of the Thailand-India Business Council, chair, FICCI-Maharashtra State Council, and the chair, FICCI-Forum on Economic & Business Policy.

Moreover, government organizations and private sector representatives from the two countries plan to discuss the establishment of an India-Thailand Business Forum to promote and facilitate bilateral investment.

India has a huge market with its vast population of 1,200 million people.

BOI Secretary General Mr. Udom Wongviwatchai said that India is one of Thailand’s target countries for investment promotion under the BOI’s new policy. India’s economy is the world’s 10th biggest and Asia’s 3rd biggest after China and Japan.

BOI investment promotion services in Mumbai will not only convince investors to invest in Thailand, but also encourage potential Thai investors to do business in India. India has various industries that match Thailand’s investment promotion goals, such as auto parts, software, chemicals, and pharmaceuticals. In the meantime, India is ready to support investments from Thailand, especially in the agriculture and agro industries, vehicle parts, electrical appliances and electronics, construction, energy business, real estate and hotels.

“We’re confident that the beginning of services here will encourage more investments from India to Thailand and encourage potential Thai investors to expand their businesses to support the huge demands of the Indian market. It will also provide a chance for Thai investors to expand their businesses into countries that are neighbors of our two countries,” said Mr. Udom.

From 2007 through 2012, 114 projects by Indian investors were approved and received promotional incentives from the Thailand Board of Investment with a total investment value of 30,203 million baht. Large-scale projects are Aditya Birla Chemicals (Thailand) Ltd., a rayon manufacturer; Apollo Tyres Ltd. (Thailand) that manufactures radial tires; the N.T.S. Steel Group Plc., that manufactures raw steel products and semi-finished and finished steel products; Polyplex Ltd., that produces pet resin and polyester film; Indorama Holdings Ltd., that manufactures wool yarns; Bharat Hotels Ltd; Tata Motor Ltd., which manufactures trucks, etc.

Large-scale Thai companies that operate businesses in India include ITD Cementation India Ltd.; Charoen Pokphand Foods Plc; the Siam Cement Group (SCG); Pranda Jewelry Plc.; Thai Summit Auto Part Industry Co., Ltd.; the Pruksa Group, etc.

After initiating investment promotion services in Mumbai, the BOI will have 14 overseas investment promotion services in 10 countries, including Beijing, Shanghai, Guangzhou, Los Angeles, New York, Osaka, Tokyo, Seoul, Paris, Sydney, Stockholm, Frankfurt, and Taipei.

Comments

Business

Online intellectual property dispute platform to go live next year

The online dispute settlement platform for intellectual property cases will assist with cases related to copyright, patents, and trademark infringements using digital technology.

National News Bureau of Thailand

Published

on

Pantip Plaza Electronic display

BANGKOK (NNT) – The Department of Intellectual Property has introduced its online dispute settlement services covering intellectual property cases that it developed with the Thai Arbitration Institute.

(more…)
Continue Reading

Business

Thailand pushes for “Ease of Doing Business” reforms

Thailand is in the process of responding to the World Bank’s advice and the “Ten for Ten” proposal by five ambassadors to Thailand, according to Deputy Prime Minister and Minister of Energy Supattanapong Punmeechaow.

Olivier Languepin

Published

on

The government has made improving the business environment in Thailand a key policy by setting a goal to raise the ranking of the ease of doing business to be among the top 20 countries in the world.

(more…)
Continue Reading

Business

Thailand remains in pole position for the highest funds raised across Southeast Asia

Taking the top two spots on the region’s leaderboard this year are Thailand’s Central Retail Corporation Public Company Limited and SCG Packaging Public Company Limited with US$1.77 billion and US$ 1.27 billion funds raised respectively

Pr News

Published

on

By

Thailand’s Central Retail Corporation Public Company Limited raised US$1.77 billion in 2020

THAILAND, 26 November 2020 — Capital markets across Southeast Asia stayed resilient in 2020 despite a host of uncertainties from the evolving global health crisis to the worsening US-China trade tensions and the impact of the US presidential elections.

(more…)
Continue Reading
Advertisement

Latest

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 13,431 other subscribers

Trending