Infra Sector Poised For A Boost With Thai Firms Looking To Invest $3 Billion

Infra Sector Poised For A Boost With Thai Firms Looking To Invest $3 BillionAn under-construction flyover in Mumbai (Satish Bate/Hindustan Times via Getty Images)

Several Thai firms already operating out of India are keen to invest close to $3 billion in India in greenfield and brownfield projects in the infrastructure, energy and metals sector, reports PTI.

The Thailand based companies see good opportunity here and are looking to invest around USD 3 billion by 2020. The fast growing Indian market remains attractive for Thai investors given the opportunities in green and brown field projects including energy, infrastructure and metals. We are looking towards India with a great interest from last seven decades and plans to enhance the bi-lateral trade thanks to the positive approach of both the Thai and Indian governments.
Thai Trade Center executive director and consul Suwimol Tilokruangchai 

Around 30 Thai companies are currently operational in India in the fields of infrastructure, hospitality, food processing and real estate. The second free trade agreement (FTA) between India and ASEAN nations have impacted Thai goods positively.

Thailand too, has invited Indian firms to invest overseas. Around 40 Indian firms in the fields of software, agricultural chemicals, electric vehicles (EVs) are active in Thailand, having invested around $2 billion. Bilateral trade between the two nations has shot up by eight times since 2000 and is currently at around $10 billion.