Thai delegation in Bengal to explore investment options

May 20th, 2008 - 12:12 am ICT by admin  

Kolkata, May 19 (IANS) A Thai business delegation, in West Bengal to explore investment opportunities, Monday met officials to understand business potential of the state and the neighbouring areas. “Board of Investment has arranged for this trip. The delegates from Thailand will explore and understand the investment potential of West Bengal and neighbouring areas. This is part of the Look East policy of our country,” M.K. Saharia, chairman of Indian Chamber of Commerce’s Northeast Council, said.

The delegation Monday met the officials of the West Bengal Industrial Corporation and the Jute Corporation.

Volume of bilateral trade between the two countries stood at $4 billion last year. It is expected to touch $10 billion by 2010.

For the next two days, the delegation will visit Durgapur, Siliguri, Darjeeling and parts of north West Bengal.

The Thai delegation will be eyeing investment opportunities in sectors like petrochemical, automobile, agro and food-processing, pharmaceuticals, IT and silk.

Manop Mekprayoonthong, the consul general of Thailand, said: “Thailand has expertise in developing agro food processing and want to share it with India.”

At least 34 projects between northeast and Thailand entrepreneurs, worth more than $1 billion, are underway in the northeast.

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