Chan-o-Cha who arrived in India on Thursday is scheduled to hold talks with his Indian counterpart, Prime Minister Narendra Modi today. Information Technology, pharmaceuticals, auto-components, and machinery are some other areas of promising collaboration. The Indian side will push for the India-Myanmar-Thailand road project as a part of its Act East Policy. So far as many as 29 rounds of talks for FTA have taken place. Talking about the cultural connect between the two countries, Mr Modi said, “From the Legend of Rama to the Wisdom of Buddha, our ties are founded on a shared cultural heritage”. The volume of current annual bilateral trade between the two countries is almost $8 billion and both sides are keen to expand it further. India and Thailand have strong economic synergies and the diversifying profile of growing bilateral trade and investment reflects the growth and maturity of the interaction between the two economies. India’s exports to Thailand are about $ 2.63 billion and its imports are $ 5.3 billion. They also suggested that the government enhance all types of transport between Thailand and India.
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“As maritime neighbours, we have a shared interest in the security of global sea lanes of communication and commerce”.
Thailand has shown interest in joint ventures in defence production and procurement of defence platforms from India.
The Thai Prime Minister earlier met External Affairs Minister Sushma Swaraj after being accorded a ceremonial welcome at the Rashtrapati Bhawan. In 2015, more than 1 million Indian tourists visited Thailand and over 100,000 Thai tourists visited India.
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