Metro rails for 50 cities
Fifty Indian cities being ready for building Metro Rail Systems and 50 million affordable houses as part of the mega development taking place in India, said a senior industry official at the Associated Chambers of Commerce and Industry India.
“India is a land of immense opportunities,” said S.C Aggarwal, Senior Management Committee Member ASSOCHAM & Chairman & Managing Director, SMC Global Securities Limited.
These developments are part of the overall infrastructure requirement covering roads, rails and waterways, he pointed out.
“India has decided to go for renewable energy in a big way, 175 Gigawatt. These opportunities open new vistas for trade and investment for Thailand,” Aggarwal said during a forum addressed by Thai Prime Minister General Prayut Chan-o-cha who visited India June 16 to 18, 2016.
Indian business leaders also stressed on the visiting Prime Minister to increase Thailand’s investment in India, which was US$179 million between April 2000 and August 2014. Comparatively, India’s foreign direct investment in India is around US$2 billion made from 1970s.
India’s “Look East” policy complemented by Thailand’s “Look West” policy has worked towards bringing the two countries closer, noted Harshavardhan Neotia, President of the Federation of Indian Chambers of Commerce and Industry (FICCI).
The Indian industry was keen to participate strongly in building bilateral economic engagement between India and Thailand, and achieving a trade of $20 billion over the next four years, added Sanjay Kirloskar, Member of the Confederation of Indian Industry National Council and Chairman & Managing Director, Kirloskar Brothers Limited.
Current trade engagement between the two countries is close to $10 billion, he added.
“Indian industry was keen to engage with Thailand on a multidimensional spectrum of sectors,” he said at the forum “India-Thailand: Partners in Progress for Economic Cooperation”. fii-news.com
