Thailand

Thailand is the second largest economy in ASEAN and has a long history of cultural and trading interaction with India, currently assisted by India’s ‘Act East’ policy and Thailand’s ‘Act West’ policy. Thailand and India are supporting the development of a new maritime route in the Andaman Sea which will almost halve the travel time and will contribute to the Thai government’s objective to boost trade with India.

Trade and investment between India and the Greater Mekong Sub-region (GMS) countries of Cambodia, Thailand and Vietnam is relatively low in comparison to India’s trade with the rest of the world. GMS countries offer many opportunities for Indian businesses given their geographic and cultural proximity and their involvement in similar global value chains such as automotive, garments and pharmaceuticals.