TVS Motor has started studying the option of setting up a manufacturing unit there, even as LML Ltd said it could source components from Thailand.
These companies are among a host of businesses in India that think there are significant gains to be made from the FTA. The beneficiaries include car-makers, two-wheeler companies, chemicals and plastics companies.
Moreover, as the FTA agreement talks of facilitating investments between the two countries, industry experts say Thailand could be the gateway for Indian companies to the whole of the Association of South-East Asian Nations (Asean), of which it is a member.
