India’s relations with Thailand are rooted in history, age-old social and cultural interactions as well as growing economic exchanges.
2017 marked 70 years of India-Thailand diplomatic relations.
Bilateral Trade has jumped 10.2% just in the last two years.
Air connectivity is growing with up to 330 flights per week.
India offered 72 scholarships to Thai students in 2018-19.
FDI inflow over April 2000 to March 2021
Bilateral trade during FY2020-21
NRIs/PIOs currently live in Thailand
India’s ‘Act East’ policy has been complemented by Thailand’s ‘Act West’ policy in bringing the two countries closer and fostering partnerships.
India-Thailand relations have been driven by exchanges at ASEAN, East Asia Summit (EAS), BIMSTEC, Indian Ocean Rim Association (IORA), etc.
India-ASEAN Agreement in Trade in Goods was implemented in 2010, India-ASEAN FTA in Services and Investments came into force in 2015.
India–Myanmar–Thailand Trilateral Highway is under construction that will connect Moreh, Manipur, India with Mae Sot, Thailand, via Myanmar
India is one of the biggest contributors of annual foreign tourist inflow into Thailand, driven by beautiful scenic beauty and distinct food and culture.
External Affairs Minister (EAM) of India Dr. S. Jaishankar visited Bangkok, Thailand to attend ASEAN-India Ministerial Meeting, the 9th East Asia Summit Foreign Ministers’ Meeting (EAS FMM), 26th ASEAN Regional Forum (ARF) and 10th Mekong Ganga Cooperation (MGC) Ministerial Meeting in August 2019.
The Meeting saw the identification of three MoUs for signing at the upcoming BIMSTEC Meeting in Sri Lanka : (i) MoU on Mutual Cooperation between Diplomatic Academies/Training Institutions of BIMSTEC Member States, (ii) Memorandum of Association on the Establishment of BIMSTEC Technology Transfer Facility (TTF) in Colombo and (iii) BIMSTEC Convention on Mutual Legal Assistance in Criminal Matters. Sectors for bilateral cooperation were also identified for ratification.
India's Exports and Imports to Thailand
Source: Department of Commerce
Values in US$ Million
|3||India’s Total Export||310,338.48||262,291.09||275,852.43||303,526.16||330,078.09|
|8||India’s Total Import||448,033.41||381,007.76||384,357.03||465,580.99||514,078.42|
|13||India’s Total Trade||758,371.89||643,298.84||660,209.46||769,107.15||844,156.51|
|17||India’s Trade Balance||-137,694.93||-118,716.67||-108,504.60||-162,054.83||-184,000.33|
46, Prasarnmitr, Sukhumvit, Soi 23, Bangkok – 10110
Economic & Commercial Wing, Embassy of India, Bangkok
172, Moo 5, Sanpakwan, Hang Dong, Chiang Mai -50230,Thailand
Spirits obt. by distilling grape wine/grape marc (220820)
Sugar confectionery other than chewing gum (incl. white chocolate), not con … (170490)agriexchange.apeda.gov.in
Milk in powder/granules/oth. solid form, fat content by wt. not >1.5% (040210)
Milk in powder/granules/oth. solid form, unsweetened, fat content by wt. >1 … (040221)
Apples, fresh (080810)
Grapes, fresh (080610)
Mandarins, incl. tangerines & satsumas; clementines, wilkings & sim. citrus … (080520)
Manioc (cassava) (071410)
Potatoes, prepd./presvd. othw. than by vinegar/acetic acid, frozen, other t … (200410)
Fish; frozen, albacore or long finned tunas (Thunnus alalunga), excluding fillets, livers roes, and other fish meat of heading 0304 (030341)
Fish; frozen, n.e.c. In heading 0303, excluding fillets, livers, roes, and other fish meat of heading 0304 (030389)
Fish; frozen, skipjack or stripe-bellied bonito, excluding fillets, livers, roes, and other fish meat of heading 0304 (030343)
Fish; frozen, yellowfin tunas (Thunnus albacares), excluding fillets, livers, roes, and other fish meat of heading 0304 (030342)
Molluscs; cuttle fish and squid, whether In shell or not, frozen, dried, salted, in brine, or smoked, cooked or not before or during the smoking process (030749)
Export: US$ 7.58 million
Production: 1,467,822 tons
Here are the leading sectors of opportunities for foreign investors
Tata Motors has a strong market in Thailand.
Aditya Birla Group runs operations in Thailand.
Dabur has assets in Thailand to supply local market.
Punj Lloyd Group has operations in Thailand.
Thailand's Charoen Pokphand operates in India.
Thai Summit Neel Auto supplies parts in India
Hospitality chain Dusit Group has presence in India