tl;dr
India and Thailand have agreed to deepen collaboration in advanced technology sectors, including digital innovation, electric mobility, robotics, space exploration, biotechnology, and startups. They aim to enhance infrastructure, financial technologies, and digital networks to strengthen economic an...
India and Thailand have agreed to deepen collaboration in advanced technology sectors and elevate their trade relationship to a Strategic Partnership.
The two countries signed multiple agreements to boost cooperation in digital technologies, renewable energy, electric vehicles, robotics, biotech, space exploration, and startups.
Leaders emphasized enhancing financial tech connectivity, trade facilitation, and exploring local currency settlement systems to strengthen economic ties.
Discussions covered broad cooperation including defense, science and technology, education, healthcare, cultural exchange, and regional security.
Both nations committed to joint research, workshops, and entrepreneurial exchanges to foster innovation and startup ecosystems.
Bilateral trade reached $15 billion in 2023-2024, with plans to expand sustainable trade in sectors like marine products, smartphones, EVs, food processing, auto components, services, and pharmaceuticals.
India and Thailand aim to enhance infrastructure, financial technologies, and digital networks to strengthen economic and technological ties.
During Indian Prime Minister Narendra Modi's visit to Thailand, several agreements were signed focusing on renewable energy, e-vehicles, ICT, space technology, creative industries, and fintech connectivity.
The countries plan to improve trade facilitation and promote exchanges between entrepreneurs and SMEs.
Recognizing 78 years of diplomatic relations, discussions spanned defense, security, trade, innovation, education, healthcare, tourism, and regional stability within the Indo-Pacific framework.
The partnership highlights shared interests in a free, open, inclusive, and rule-based regional order and supports ASEAN unity and centrality.
Both nations will boost scientific collaboration through joint research projects and workshops in agriculture, biotechnology, ICT, and space technology.
They aim to facilitate trade and investment by promoting closer cooperation between financial service providers.
Efforts will focus on startup ecosystem development via mentorship programs, investor pitching, business matchmaking, innovation challenges, and cross-incubation.
The focus on sustainable trade growth includes expanding sectors such as marine products, smartphones, electric vehicles, petroleum products, auto components, services, and pharmaceuticals.
This strategic elevation marks a significant step fostering deeper economic, technological, and regional cooperation between India and Thailand.