NEW DELHI: The bilateral trade between India and Thailand reached an all time high of around USD 15 billion in 2021-22 as the domestic market remains attractive for Thai investors, said Union Minister of State for External Affairs Rajkumar Ranjan Singh. The economic cooperation between the two countries in trade, investment and tourism have continued to flourish during recent years, Singh said recently at the ongoing second edition of the North East India Festival, being held in Bangkok.

"Thailand is the fourth largest trading destination for India in the ASEAN region. Bilateral trade between India and Thailand has reached an all time high of around USD 15 billion in 2021-22. The Indian market remains attractive for Thai investors," he added.

Commerce, Culture and Connectivity define the future focus areas of cooperation between India and Thailand, Singh stressed.

"India provides huge opportunities for investment in infrastructure, including roads, ports, power sector, food processing, renewable energy, digital technology, logistics and electric vehicles," he said.

Singh expressed happiness over the fact that businesses from both sides can enter into long-term partnerships for more diverse and resilient supply chains.

"India's Act East policy complemented by Thailand's Act West policy has provided the basis for building a multi-faceted partnership between the two countries. Northeast India is the gateway to Thailand and other South East Asian countries.