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Investment by Indian and Thai companies into each others countries is growing. Indian companies have invested around US$ 1.5 billion in Thailand since 1970s (according to data from the Board of Investment of Thailand). Thailand has invested over US$ 44 million in India (April 2000-Sep 2008) according to Department of Industrial Policy Promotion of Government of India. Sources : Board of Investment INDIAN BUSINESS GROUPS IN THAILAND The Aditya Birlagroup, Indo Rama group, Tata Group, Ranbaxy, Dabur, Lupin, NIIT are among the other major Indian companies doing business in Thailand and reflecting the diverse sectors of interest - chemicals, textiles, pharmaceuticals, steel, automotive, and IT. Groups like Aditya Birla and Indo Rama have had business presence in Thailand for several decades. The Tata group has growing business interest in Thailand with Tata Motors forming a joint venture with Thonburi Automotive Assembly Plant Co. to form Tata Motors (Thailand), which has launched a pickup truck in the Thai market in March 2008; Tata Steel having invested in the largest Thai steel manufacturer Millennium Steel to create Tata Steel Thailand; and Tata Consultancy Services having a long presence. Several Indian Public Sector companies are also present in Thailand. These include : Indian Overseas Bank, Bank of Baroda, New India Assurance, Indian, THAI BUSINESS GROUPS IN INDIA Leading Thai companies in the fields of Agro-processing, construction, automotive, engineering and banking have active and growing business presence in India. Major Thai companies active in India are - C P Aquaculture ( India) Ltd., Ital Thai Development Pcl., Krung Thai Bank Pcl., Charoen Pokphand ( India) Private Limited, Stanley Electric Engineering India Pvt. Ltd., Thai Summit Neel Auto Pvt. Ltd., Delta Electronics, Thai Airways International Pcl. and Precious Shipping (PSL) of Thailand. |