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India : Country''s prowess on exhibit at ''made in India'' in Thailand |
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2004-8-12
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The four-day ‘Made in India’ exhibition opens today in Thailand featuring 70 Indian companies showcasing the country''s industrial and technological prowess.
The exhibition is being held against the backdrop of recently formalised free trade framework between the two countries, informed the Confederation of Indian Industry (CII) Tuesday.
Inaugurated by India''s Minister of State for Commerce E.V.K.S. Elangovan, this exhibition is being organised by CII in association with the Indian embassy in Bangkok and the India-Thai Chamber of Commerce.
According to CII, India and Thailand enjoy good trade relations and bilateral trade is growing steadily, having crossed $1.5 billion during the last year.
"However, the volume of trade is relatively small given the existing potential. The India-Thailand free trade agreement is expected to enhance economic cooperation between the two countries," it said.
A joint feasibility study has concluded that a free trade agreement would result in significant trade creation. India''s exports will increase by 42.71 percent, while Thai exports to India would rise by 113.71 percent.
Small, medium and large sectors from the automobiles, banking software, chemicals, consumer durable, cosmetics and health care, engineering and electrical goods, garments, software and IT solutions would make presentations attracting Thai Corporates, SMEs and other clients. |
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