Team Thailand Mumbai gives an overview about Thai Economy

(20-05-2013)

On 14 May 2013, Team Thailand Mumbai, comprised of Mr. Nat Pinyowattanacheep, Consul-General of Thailand, Mr. Adul Chotinisakorn, Executive Director of the Thai Trade Center, and Ms. Kanokporn Chotipal, Director of the Thailand Board of Investment, actively participated in a seminar on Thai Economy organized by the Federation of Indian Exporters Organisations (FIEO) (Western Region) in Mumbai to its members of more than 40 persons who are highly interested in doing business with Thailand.

The Team Thailand Mumbai gave an overview about Thai-Indian bilateral relations, bilateral economic relations, Thai macroeconomic current situation and various investment opportunities in Thailand as well as more insightful information about steps to be taken to invest in Thailand along with related regulations, and information about retail business sector in Thailand and Thai consumers’ behavior. Apart from these useful information about Thai economy, the Thai team also emphasized that Thailand can be a hub for doing business with the whole ASEAN countries, which represent a combined population of more than 600 million people, with help of the connectivity by road, by air, and by sea from Thailand to other ASEAN countries as well as the Thai-Indian and ASEAN-Indian Free Trade Agreements and the fact that ASEAN will become ASEAN Economic Community in 2015.

It was also the first time that the Director of the Thailand Board of Investment in Mumbai could present her newly opened office in Mumbai to the interested Indian businessmen who eventually gained more information and confidence to do business and to invest in Thailand.