Thailand eyes India's SME sector

Last Updated: Fri, Mar 15, 2013 12:52 hrs
Thailand eyes India's SME sector

Kolkata, Mar 15 (IBNS) Presently focus is on promoting the small and medium scale industries as they will provide ample scope for further India-Thailand economic activities, said a top Thailand government official.

At an interactive session organized by the Indian Chamber of Commerce in Kolkata on Friday, Nalinee Taveesin, Permanent Trade Representative, Minister at the Prime Minister's Office, Government of Thailand, highlighted growing India-Thailand business opportunities which are the result of Thailand's "Look West Policy' and India's 'Look East Policy".

Taveesin briefly highlighted Thailand's strengths, mainly in two areas, which can further deepen bilateral cooperation between the two nations. "They are, the tourism and food processing industry."

She identified these as possible areas of cooperation with India, especially with the East and North East part of the country which not only provides a large flow of tourists to Thailand every year but also holds prominence as a major agricultural producer.

Similarly, she also discussed India's strengths which can help the country garner a stronger foothold in the ASEAN market.

Taveesin observed that India's core strength in educational and skill-set development can be of particular importance to Thailand.

She called for greater focus on the SME (Small and Medium Enterprises) sector.

Taveesin proceeded to talk about the "1 District 1 Product" initiative in Thailand which was aimed at stimulating local economy by promoting local products from every district to domestic and international consumers.

She observed that this model can be replicated in West Bengal to help the SME sector.

Taveesin further stressed on infrastructure development which will enable larger volume of trade between the two nations and in this regard stressed on the importance of the trilateral highway project involving India, Thailand and Myanmar and also flight link between Guwahati and Bangkok.

Sumit Mazumdar, Sr. Vice President, ICC & Vice Chairman & Managing Director, TIL Limited, in his welcome address highlighted the growing Indo-Thailand economic engagement and identified Pharmaceuticals, infrastructure, food processing, automobiles, chemicals and allied industry as prospective sectors.

He suggested SME sector collaboration as a priority area and expressed hope that the ambitious trilateral highway project involving India, Thailand and Myanmar on completion would not only further aid bilateral trade but also help burgeoning tourism between the countries.

Rajeev Singh, Director General, Indian Chamber of Commerce, expressed the desire for further interaction at operational level to enable the Indian business fraternity reach out to Thailand before concluding the session by proposing a Vote of Thanks.

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