Thai delegation in Bangalore, explores trade opportunities

Bangalore Mar 31 (UNI) A high power delegation from Thailand, led by Mr Thawatchai Sophastienphong, Inspector General, Ministry of Commerce, Royal Thai Government, is in Karnataka to explore trade and investment opportunities in India.

The delegation members, including key functionaries from the industry, had an interaction with members of the Bangalore Chamber of Commerce and Industry as part of their visit.

At the interactive meeting, Mr Sophastienphong said his country was exploring the possibilities in the fields of IT, Biotechnology and tourism for Indo-Thai collaborations.

He observed that there were a lot of similarities between the two countries in the areas of culture and business ethics, besides possessing skilled human capital. Hence the two countries could work together well, he added.

''We need to have some fruitful co-operation and explore all opportunities that have come up because of the Free Trade Agreement between India and Thailand. There is an urgent need to get the private sectors to know more about the opportunities that exist between the two countries and find ways to work together to harness these opportunities to the fullest,'' he said.

Addressing the delegation, BCIC Vice President Venkat Kedlaya, said India was going through a phase of rapid development and considered a key emerging market. In the last decade or so, India had managed to integrate very well with the global economy and continued reforms on a standard basis to complete the integration process. India had a formidable presence in the knowledge economy and the new economy. Bangalore was in the forefront of all this and was considered one of the major technopolises of the world today, he added.

UNI VK RG GM1607