Thailand
(Source : Embassy of India, Bangkok)
Investment
Thai Post03.06.2019
Thailand’s Acting Minister of Commerce Miss Chutima Bunyapraphasara visited India’s Chennai and Mumbai to seek Thailand’s investment opportunities in the south and the west of the country, with aim to enter India’s 7 markets. The 7 important states of India that Thailand’s Ministry of Commerce aims to enter are Maharashtra, Gujarat, Tamil Nadu, Telangana, West Bengal, The Seven Sister States and New Delhi.
India-Europe investment time
Krungthep Turakij 04.06.2019
Krung Thai Asset Management (KTBAM) recently held the seminar under the topic “Where are Opportunities in DM&EM” for investment specialist to share interesting viewpoints about economy and investment. Manager of Invesco India Equities Fund stated that Indian stock market has made new high while GDP of the country will decrease. Although GDP of the country grew 6.8% in May which is the lowest point during 5 years, it’s a good opportunity for investors to invest in Indian stock market. GDP of the country is expected to grow 7.1-7.5% in this year after the election.
Tunisia
(Source : Embassy of India, Tunis)
Status of ongoing major investments by Indian PSU’s / Pvt. Sector in Tunisia and proposed Indian investments in Tunisia
India Tunisia Joint Venture TIFERT worth US$450 million was launched in 2006 in Tunisia for manufacturing Phosphoric Acid. Its production started in 2013. Two Indian companies Coromandel Fertilizers Ltd and the Gujarat State Fertilizers Ltd (GSFC) have 30% shares in the project.
The joint venture has been going through a difficult phase due to local social and economic unrest. Phosphate extraction, production and transport operations in Mdhilla, Jellabia and Mzinda in governorate of Gafsa, were halted due to protests. Due to Mission’s active interaction and meetings with the concerned to improve production and supply, the Tunisian government has ensured supply of raw material to the plant on a priority basis. This has improved the capacity utilization from a dismal 25-30% in 2015 to a satisfactory 50-60% in 2017-18. The aim was to achieve 80% utilization by the end of 2018 which remained unfulfilled. The production level however has now reached a satisfactory level of 70% and is further expected to improve in coming months. 18 Indian engineers from both the companies have been deputed at the plant to improve the production level.
Analysis of Investment opportunities in Tunisia
Tunisian Government provides many incentives to promote foreign investment in Tunisia. About 3353 foreign companies operate in Tunisia in diverse sectors. The Government has primarily encouraged export-oriented FDI in key industrial sectors, such as call centers, electronics, aerospace and aeronautics, automotive parts, and textile/apparel manufacturing. Foreign participation is allowed in the privatization program of state-owned or state-controlled enterprises. This has attracted a significant share of Tunisia’s FDI in recent years. The privatization programme has taken place mainly in telecommunications, banking, insurance, manufacturing, and fuel distribution.