Thailand ready to invest in processed food, gems, energy in India

Bangkok: Commerce Minister discusses with Chief Minister of Gujarat. Confirmed and ready to support Thai investors Expand investment in the processed food industry gems and jewelry, renewable energy, and construction in Gujarat, along with inviting cooperation in tourism between them After Thailand opened free visas for Indians and invited to attend the Bangkok James event and Thaifex Mr. Naphinthorn Srisanpang, Deputy Minister of Commerce Revealing the results of discussions with Mr. Bhupendra Patel, Chief Minister of Gujarat. He thanked the state of Gujarat for inviting Thailand to be a partner country of the 10th Vibrant Gujarat Global Summit and was very pleased to visit India for the first time as a representative of Thailand. especially visiting Gujarat This is the city where Prime Minister Modi built the Gujarat Model as a model for India's development. Thailand sees the investment potential of Gujarat, especially 1. Food processing industry. This is because Gujarat has rich marine resources. and Tha iland has world-class expertise in seafood processing. 2. Gem and jewelry industry which Gujarat is an important source of diamonds in the world. Thailand is a leader in the cutting and shaping of gems and jewelry that is accepted throughout the world. Strengthening and expanding cooperation in these two industries will benefit The economy and entrepreneurs on both sides are very important. 3. Alternative energy There are many Thai companies interested in investing abroad. Both solar energy and wind energy which is clean energy Responding to the needs of Gujarat and 4. the construction industry Thailand has leading companies in large infrastructure construction ready to invest and develop Gujarat's infrastructure. At the same time, Mr. Patel welcomes Thai investors and promises to provide great care and convenience. fully Currently, Thailand has already invested in Gujarat, including: 1) Srithai Superware Company, the world's largest producer of melamine packaging, has arrived. Established a factory in Gujar at since 2014, creating more than 400 jobs, and also plans to expand factories in the North and Southern India 2) Global Power Synergy Company or GPSC, a subsidiary of PTT, has jointly invested with Avaada Group in the solar power generation industry. With an investment of over 61 billion Indian rupees, or equal to 27,000 million baht, with a target production capacity to grow to 11 gigawatts in 2026, which is in line with the Indian government's policy to promote the renewable energy industry, and 3) Siam Cement Group Company has Joint venture with Indian company BigBloc Construction to establish block and lightweight concrete manufacturing plant in Gujarat. It is expected to be the largest producer in the western India region. Generated more than 125 million Indian rupees. Thailand has already exempted Indian tourists from visas until May 10, 2024. Indian tourists will be able to stay in Thailand for up to 30 days. In addition, Thai Airways has already opened a direct flight route from Bangkok - Ahmedabad, which will help promote Can travel between Thailand and Gujarat. It is seen that both sides will be able to cooperate in promoting tourism between each other. In addition, Thailand has invited Gujarati businessmen to attend the Bangkok Gems and Jewelry fair to be held from February 21-25, 2024 and September 9-13, 2024, and the ThaiFex Anuga Asia fair from February 28. May - 1 June 2024, which is the largest food and beverage exhibition in Southeast Asia.-514- Source: Thai News Agency