India and Thailand, located in each other’s extended neighborhood, share a maritime boundary in the Andaman Sea. India’s bilateral relations with Thailand are rooted in history, age-old social and cultural interactions and extensive people to people contacts.
Bilateral Trade has multiplied six times since 2000 to cross US$ 6.6 billion in 2010. Global financial and economic crisis impacted the bilateral trade during 2009. The trade figure for 2009 was US$ 4.9 billion declining by 17% (Indian exports were US$ 1.7 b, down by 34%, while Thai exports were US$ 3.2 b declining by 3.6%). Bilateral Trade for the annual year 2011 is about USD 8.19 billion.
The major Indian groups doing business in Thailand include: Tata group (automobiles, steel, software), Aditya Birla group (chemicals, textiles), Indo Rama group (chemicals), Ranbaxy*, Dabur, Lupin (pharmaceuticals), Bharti Airtel, NIIT, Punj-Lloyd, Kirloskar, Mahindra-Satyam, etc, reflecting the diverse sectors of interest. Among public sector, Indian Overseas Bank, Bank of Baroda, Air India, New India Assurance etc.
(Amount in billion US$)
(Source: Department of Commerce, Government of India)
Major Indian groups namely Tata group (automobiles, steel, software), Aditya Birla group (chemicals, textiles), Indo Rama group (chemicals), Lupin (pharmaceuticals),Ranbaxy, Dabur, Bharti Airtel, NIIT, Punj-Lloyd, Kirloskar and public sector enterprises Indian Overseas Bank, Bank of Baroda, Air India, New India Assurance are present in Thailand. Leading Thai companies in the fields of Agro-processing, infrastructure, banking, automotive, engineering, housing and hospitality have active and growing business presence in India.
The Federation of Thai Industries, Kanchanapuri
The Thailand – India Business Council
The Federation of Thai Industries