Indian businesses can use Thailand’s Eastern Economic Corridor (EEC) as gateway to Asian market, said the official from the Thailand Board of Investment.
Executive Director of International Affair Bureau, Board of Investment, Thailand, Bussarakum Sriratana made the above remarks at a roundtable discussion on ‘Thailand 4.0 and Business Opportunities for Indian Partners’.
The event was jointly organized by MVIRDC World Trade Center Mumbai and All India Association of Industries (AIAI).
Sriratana has invited Indian businesses to explore commercial opportunities in this corridor, as EEC is being positioned as a gateway to the Asian market.
The 13,000 sq km EEC will be the future economic and logistics hub of Asia. The project is being developed as part of the ambitious Thailand 4.0 initiative.
Speaking on the occasion, Sriratana said, “Thailand’s Board of Investment is keen to promote not only Indian investment in Thailand but also the entry of Thai companies in India,” at a roundtable discussion on ‘Thailand 4.0 and Business Opportunities for Indian Partners’.”
Commenting on the Thailand 4.0 initiative, Sriratana said, “Thailand seeks the partnership of India, especially the business community of Maharashtra, to transform its country into an innovative society under its ambitious Thailand 4.0 initiative. EEC will be the Metropolis of Future with world class economic zone. Over the next five years, this corridor will attract USD 43 billion worth public and private investment on various sectors, including up gradation of three international airports and three deep-sea ports.”
The EEC encompasses three eastern provinces of Chachoengsao, Chonburi and Rayong, with Wangchan Valley in the Rayong province acting as the centre of the Eastern Economic Corridor of Innovation (EECi).
Sriratana invited Indian exporters and importers to the region’s largest food and beverage trade show ‘THAIFEX – World of Food Asia’, which is scheduled from May 28-June 1, 2019 at Bangkok.