Home / Companies / Indian firms invested about `5,200 crore in Thailand in 2007-12

Thailand said Indian companies invested 30.2 billion baht (around 5,200 crore) in the South-east Asian country in the 2007-12 period and is seeking to attract more such investment.

The Thai board of Investment, which inaugurated its office in Mumbai on Wednesday, said companies such as Aditya Birla Chemicals (Thailand) Ltd, Apollo Tyres Ltd (Thailand), the NTS Steel group and Tata Motors Ltd invested in 114 projects in the country during the period.

“The beginning of services here will encourage more investments from India to Thailand, and encourage potential Thai investors to expand their businesses to support the huge demands of the Indian market," investment board secretary General Udom Wongviwatchai said in Mumbai on Wednesday.

The Thai board is targeting the auto parts, software, chemicals and pharmaceutical industries to meet investment goals.

Aditya Birla group chairman Kumar Mangalam Birla said his conglomerate will continue to invest in the Thai market and encourage bilateral relations.

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