Thai Trade Center, Mumbai. Royal Thai Consulate-General is glad to inform you that the Department of International Trade Promotion, Ministry of Commerce, Thailand is organizing a Business Matching Event & Business Seminar Event on the 17th January 2020 at the ITC Gardenia Hotel, Bengaluru, which will be presided over by the Honorable Deputy Prime Minister & Minister of Commerce, Thailand – H.E. Jurin Laksanawisit.
We along with Crescendo Worldwide, Pune, World Trade Center, Bengaluru, Bangalore Chamber of Industry & Commerce and Indo-Thai Chamber of Commerce are happy to organize this exclusive Business Networking Event during which there will be companies from Thailand for B2B meetings with interested Indian Companies from the sectors of Modified Starch, Rubber Wood, Rubber, Fruits, Food, Construction Materials, Furniture, Interior Design, A4 Paper, Stationery, Cosmetics, Bio-Plastics, Bio-Fertilizers, Lubricants, Etc..
This is a wonderful chance to test various Thai & Indian products and an initiative to attract the Indian Companies to invest in Thailand and also do business jointly with the Thai Companies. We wish that our products will find a special place in the hearts of every Indian customer.
Honourable Deputy Prime Minister & Minister of Commerce, Thailand – H.E. Jurin Laksanawisit will also give a brief understanding on the benefits that will be given to Indian Companies by the Thailand government helping the Indian Companies in Investing in Thailand.
Welcome remarks were given by H.E. Mr. Nitirooge Phoneprasert, Consul General, Royal Thai Consulate-General, Chennai;Mr. Bose Nair-Vice President, World Trade Center, Bengaluru; Mr. Rohit Mehta – President, Indo-Thai Chamber of MSME’s and Mr. Devesh R Agarwal, President, Bangalore Chamber of Industry & Commerce.
There will also be a discussion between “Potential Business Creation & Opportunities between India and Thailand in “The Hospitality & Smart Building Solutions” focusing on sectors like Architecture and Technology Trends in 2020; Residential/Real Estate; Hotel Industry; Construction Industry & Services; Infrastructure (Urban Infrastructure).
The visit of Deputy Prime Minister is the second time after his success of trade connection in Mumbai and Chennai. The meeting led to the signing of many MoUs, namely cooperation between Indian rubberwood and Thai furniture association, and the beginning of cooperation between Big Basket and Thailand’s Department of International Trade Promotion.
This visit is also the best opportunity and initiative to build bilateral relation between South India & Thailand both in terms of mutual trade and investment, especially to utilize the existing benefits from Free Trade Agreements. Both countries share two FTA’s, the first FTA being the Early Harvest Scheme, under which there are 83 items for which there zero duty when importing to India from Thailand. The second FTA is the ASEAN Agreement which is between India and ASEAN Countries, under this Scheme, there are more than 5,000 items which can be imported to India under reduced tariff, and some products can be imported even duty-free. The duty rates are being reduced year by year for various products until the import duty for all products are reduced to zero duty rates. So, there is a huge opportunity for mutual business growth and hence there have been four high-level visits from Thailand during these twelve months.