Tuesday, October 20, 2009

EGAT, FIRMS INVITED TO MUMBAI

       The Electricity Generating Authority of Thailand (Egat) and local energy companies have been asked to join an exhibition in Mumbai, were they can also explore investment opportunities in India.
       Raj Eswaran, organising chairman of Elecrama 2010, said all of the exhibitors already signed on were ready of joint ventures and product transactions. The Thai organisations have shown their strength in power transmission and distribution through expansion into neighbouring countries.
       "We're also looking for opportunities to hold an exhibition here, to respond to Asean's power-transmission and-distribution needs," he told a press conference in Bangkok yesterday.
       The invitation follows the potential expansion of investment and trade between Thailand and India in the wake of free-trade pacts between the countries and between the subcontinent and Asean, Eswaran said.
       This would boost bilateral trade from US$6 billion (Bt200 billion) now to $10 billion next year, while Indian-Asean trade woul dincreasde from $48 billion to $60 billion.
       He said the event would allow Thai operators to find opportunities for power investment in India.
       The Indian economy is expected to grow 8 per cent this year in the face of the global slowdown. Trade and investment in India are expected to triple from $200 billion, and power demand will increase accordingly, offering a huge investment potential for interntional investors, he added.
       Organised by the Indian Electricial and Electronics Manufacturers Association, the world-class Elecrama is held every two year. Prior to the ninth event, set for next January 20-24, the exhibition has generated more than $900 million worth of joint ventures, orders, strategic investment, supply contracts, brand sales and other trade opportunities.
       Next year's event will feature 1,000 exhibitors from 20 countries, including Germany, Spain, China and South Korea. More than 50,000 visitors from 40 countries, including Thailand, are expected.

       The invitation follows the potential expansion of investment and trade in thei wake of FTAs between the two nations.

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