Kolkata, Aug 17 - Bilateral trade between India and Thailand is expected to grow to $10 billion by 2010 from $6 billion last year, an official from Thailand said here Monday.

'India has increasingly become an important economic partner for Thailand. Last year, the average value of our bilateral trade has been around $6 billion and it has constantly expanded at the rate of about 28.97 percent in previous years,' said Kiat Sittheeamorn, president of the Thailand Trade Representative (TTR).

TTR is a government body, set up to promote trade between Thailand and other countries.

'We are aiming that, in 2010, the total amount of bilateral trade will reach $10 billion,' Kiat said, while speaking at an interactive session organised by the Confederation of Indian Industry.

Investment from Thailand to India during 2000-2009 was to the tune of $831.2 million whereas Indian investment to Thailand in 2008 alone stood at $282.11 million.