Thailand seeks investments from India in biotech, electronics

NEW DELHI, Feb 12:  Seeking investments from India in areas like automation, smart electronics and biotech, Thailand Board of Investment has said that the country provides tax holidays and an investor-friendly environment.
“Indian businesses can contribute to our growth further in various ways. No matter big or small, even startups can be our partners. There is a wide range from trading, manufacturing and other high value-added services. However, they have to come with technology and be environment friendly,” the board’s Director and Consul (Investment) Kanokporn Chotipal told PTI.
She said Indian business can also participate in sectors like aerospace, automation and medical devices.
“Apart from that, India can also be our partner in pharmaceuticals, biotechnology and IT/ITeS,” she said, adding Indian companies can explore business opportunities in several sectors in Thailand.
With an aim to attract investments from India and other countries, Thailand is organising a mega event – ‘Opportunity Thailand Seminar 2017’ in Bangkok on February 15.
Over 2,500 investors from across the globe would participate in the seminar.
Chotipal said that several Indian companies have presence in the South East Asian nation and “more will go to Thailand according to Act East policy of the Indian government because Thailand is a strategic location, situated in the centre of ASEAN”.
She also expressed hope that negotiations for the Thailand-India free trade agreement will be concluded soon to boost economic relations between both the countries.
Bilateral trade between the countries stood at USD 8.5 billion in 2015-16. (PTI)