Tuesday, October 02, 2007


Bangkok, 02 October, (NEPS): Complementarities in trade & business and mutual synergies have the potential of enhancing India-Thailand trade & commerce, and strengthen bilateral relationship between the two countries, said Mani Shankar Aiyar, Union Minister of DoNER, Govt. of India, today in Bangkok, Thailand.
He was speaking at the Inaugural Session of the “North East India Trade & Investment Opportunities Week”, being jointly organized by the Ministry of DoNER, the Ministry of Commerce, Govt. of India, and the Indian Chamber of Commerce (ICC). The Investment Week, which will be attended by over 300 Indian and Thai businessmen, Govt. officials and other dignitaries, has been organized to project the North East of India as a favorable investment destination to prospective Thai investors and businessmen, and to create meaningful bridges of co-operation between Industry representatives from the two countries.
Commenting that the Investment Week will witness the largest ever high-powered delegation from India in Thailand, the Minister said India-Thailand business co-operation and exchange are reaching new heights, Aiyar emphasized that the North-East of India must develop the necessary absorptive capacity to accept significant Thai investments in sectors of strategic importance like Infrastructure, Agro & Food Processing, Tourism, Handloom & Handicrafts, etc. Saying that the India-Thailand FTA is a great positive step towards an improved bilateral relationship, Aiyar stressed upon the need for improving connectivity between the two countries, especially Air Connectivity.
The Inaugural Session had H.E. Mr. Krirk –Krai Jirapaet, Hon’ble Minister of Commerce, Thailand as the Chief Guest. The Thai Commerce Minister had earlier visited 3 North Eastern states for identifying areas for mutual business tie-ups and investment, as part of a high profile Thai business delegation. Energy, Food Processing, Agriculture and Textiles are some of the sectors Thailand is interested to explore in the North East, said Mr.Jirapaet. The proposed Trilateral Highway Project, which would connect Thailand, India and Myanmar, would create new economic opportunities for both North-east India and South East Asian countries like Thailand, added the Minister.
The 4-day mega Investment Week which will also have Exhibitions and Expositions on the North-East, is expected to generate concrete business between the 2 countries, which are emerging economic superpowers in new resurgent Asia.
The Inaugural Session also witnessed the presence of Ashwani Kumar, Minister of State for Industry, Govt. of India, Chief Ministers of Sikkim,Manipur, Mizoram, Arunachal Pradesh, Meghalaya, Nagaland, H.E. Smt. Latha Reddy, Indian Ambassador to Thailand, among other important Govt. and Industry dignitaries from both the countries