'Indo-Thailand bilateral trade set to reach $10 bn'

Bilateral trade between Thailand and India was expected to reach USD 10 billion by 2010, Tamil Nadu Governor Surjit Singh Barnala said on Friday.

CHENNAI: Bilateral trade between Thailand and India was expected to reach USD 10 billion by 2010, Tamil Nadu Governor Surjit Singh Barnala said on Friday.

Speaking at the inauguration of an exhibition 'Destination Thailand 2008' here, he said the trade between the two nations had been growing steadily and stood at over $4 billion in 2007.

The programme of cooperation in science and technology bio-technology and the MoUs on cooperation in the field of agricultural science, technology and economy stand testimony for the Indo-Thai bilateral relations, he said.

Expressing happiness that many Indian companies like the Aditya Birla Group, Tata Motors, Tata Steel, Satyam Computers had set up their operations in Thailand, he said "conducive climate, infrastructure and peaceful atmosphere are attractions for new companies to set up their operations from abroad".

On the Tamil Nadu front, Barnala said that the state has become a hub for IT and auto industries.
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