Thai-Indian chemical companies are active in interactive investment

In recent years, chemical companies in Thailand and India have further strengthened cooperation, and the two sides have invested in each other to promote business development

Indorama leads the way in investing

Among Thai companies, Thai petrochemical giant Indorama is the most active in entering the Indian market

In addition to producing PET resin, the Nagpur plant is also engaged in the fiber business

On December 24 of the same year, Indorama announced the establishment of a research and development center in western Mumbai to develop epoxy chemicals and their derivatives with the third pillar business

Meanwhile, Indorama has opened a Global Business Centre (GBS) in East Kolkata, West Bengal, to support the company's operations in 33 countries and 124 locations

Other Thai companies not to be outdone

In addition to the giant Indorama, other Thai chemical companies are also actively promoting investment in India

Thailand's Siam Cement Group (SCG) announced in December 2021 that its Indian subsidiary SGC International India will set up a joint venture in India

　　The Thai Petrochemical Industry Association stated that the reason why Thai chemical companies are actively expanding their business in India is mainly due to the "Make in India" policy formulated by the Indian government to promote the development of the manufacturing industry

　　Indian chemical companies actively invest in Thailand

　　Like Thai chemical companies, Indian chemical companies are also actively investing in Thailand

　　After the outbreak of the new crown pneumonia epidemic, Indian chemical companies are still enthusiastic about investing in Thailand