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Our Bureau

New Delhi, June 1 A week ahead of a business delegation to Thailand next week, the Federation of Indian Chambers of Commerce and Industry (FICCI) has recognised it as an important country to speed up the development work in India’s north-eastern States.

The industry chamber considers Thailand as one of the important regions under focus for the north-east and also as a part of the ‘Look East’ policy.

Citing one such example, the FICCI-PricewaterhouseCoopers Report said that during the last three years, India’s north-east region has been identified by Thailand as an important destination for investment.

The Mekong region countries, comprising Cambodia, Lao People’s Democratic Republic, Myanmar, Thailand and Vietnam have been working towards improving connectivity through strengthening linkages in transport, energy and telecommunication.

Moreover, Thai companies that have gained expertise over the years in developing roads and waterways in the similar mountainous terrain are keen to invest in the development of local transport networks in north-east India. Hence, tremendous opportunities have opened up in this sector for investment by Thai companies, said the industry chamber.

“With India and Thailand serving as geographical hubs for the development of further transportation links into South Asia and South-East Asia respectively, the governments of both the countries are taking conscious steps to improve the overland connectivity. Trilateral road linkages between India, Myanmar and Thailand have been established and the connectivity is being improved,” said FICCI in a statement.

India’s FDI in Thailand has also risen to $830 million. It is ranked 18th in India’s total FDI, and top sectors include mainly infrastructure areas like construction, telecommunication, hotel and transportation.

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