Business Barons from India & Thailand meet at FICCI Global Business Forum at the IIFA Bangkok

Mumbai, June 13th, 2008: Czars from India and Thailand combined business with pleasure at the FICCI Global Business Forum that kicked off at Bangkok. The forum highlighted the huge untapped trade potential between India and Thailand, the two majors in the global gems & jewellery industry that was attended by business czars from India and Thailand.

It was discussed that India is not just strong in its culture but is also a very strong market, with an export of US $ 20.889 billion in 2007-08 and records a growth of 22 %. Out of this, India exports only 2% of its Jewellery to Thailand and has a tremendous potential to grow. Thailand on the other hand is the gemstone capital of the world. Thus, the FICCI Global Business Forum at Bangkok was an effort towards bilateral trade promotion activities such as to benefit the gem and Jewellery sector in both the nations.

The trade between Indian and Thailand has a huge untapped potential to grow. Inter Organizational collaborations and partnerships will help harness this potential. India and Thailand can work together to leverage their strengths to capture a larger market share in the American European and emerging markets of the world.

Speaking at the forum Mr. Mehul Choksi, Chairman, FICCI's Gem & Jewellery Committee said, "India and Thailand can work together to leverage their strengths to capture a larger market share in the American, European and emerging markets of the world. Inter Organizational collaborations and partnerships will help harness this potential".

Source : Equity Bulls

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