The government is planning to sign agreements with several states within India to boost trade between the countries, said Commerce Minister Jurin Laksanawisit.
He was speaking while presiding on the Second Edition of the North East Indian Festival in Thailand at the Centara Grand at CentralWorld last night. It was also attended by Indian ambassador to Thailand Suchitra Durai and dignitaries such as Minister of State for External Affairs Rajkumar Ranjan Singh.
The festival is one of several events celebrating 75 many years of Thai-Indian relations.
Mr Jurin said the northeastern region of India is close to Asia in terms of geography plus cultural traditions.
For example , the particular Sanken water event celebrated in the condition of Arunachal Pradesh and parts of Assam is similar to Thailand’s Songkran festival, which is held in mid-April to usher in the conventional new year, this individual said.
The Commerce Ressortchef (umgangssprachlich) thanked India and its particular states for arranging the festival, praising the move intended for strengthening bilateral connections.
Industry and investment involving the countries are expected to rise sharply every time a tripartite road project linking Thailand, Myanmar and India is completed.
Mister Jurin said offers led delegations associated with government and business representatives on excursions to India twice — in 2019 and 2020.
He initially signed a memorandum of understanding upon trade and purchase between officials from both countries while visiting Mumbai plus Chennai.
Then, during his second visit, to Bangalore and Hyderabad, the Commerce Ministry was able to ink a “mini-free trade agreement” with the state associated with Telangana on April 11.
The deal will raise the volume of trade along with Telangana, he said.
Mister Jurin said he or she also plans in order to enter a similar agreement with other Indian declares such as Karnataka, Maharashtra, Kerala, Gujarat and Assam.
“The deals can further accelerate Thailand’s trade and investments with India, ” he said.
According to the Division of International Trade Promotion, India’s northeastern states of Arunachal Pradesh, Assam, Meghalaya, Manipur, Mizoram, Nagaland, Tripura and Sikkim are homes in order to resources essential for digesting food, textiles and energy.
India is also pushing the region to be a gateway to Southeast Asian countries, as part of the tripartite road project.
Thai-Indian trade exchanges from January in order to last month amounted to 314 billion dollars baht, up 34% from the same period last year. Of the quantity, 185 billion baht is exports, upward 40% from the same period last year.
The five top exports in order to India are fat and plant plus animal-based cooking natural oils (up 309% year-on-year), plastic pallets (up 41%), chemicals (up 61%), gemstones plus jewellery (up 150%) and iron, metal and related items (up 18%).