Home Nation World Business Politics Odd & Weird Region Entertainment Education
HINDI
ELECTION 2014


We welcome India to invest in Myanmar: U Thein Sein




Published by: Shubhanshu Sharma
Published on: Sat, 22 Dec 2012 at 12:36 IST
We welcome India to invest in Myanmar: U Thein Sein
Mumbai: Myanmar President U Thein Sein, presently who is on a visit to India, said on Friday that his country is proposing huge opportunities for Indian business community to invest in the field of power and infrastructure projects.

In a closed-door session, organised by Confederation of Indian Industry (CII) late on Friday, President Sein invited Indian businesses to also explore options in agriculture.

"The India-Myanmar-Thailand trilateral highway project, which will be extended to Laos and Cambodia with the assistance of the Indian government, will truly enhance regional connectivity and trade," Sein said.

He urged the captains of Indian industry to invest in Myanmar's energy sector and pointed out the huge deposits of oil and gas in the south Asian country.

Reciprocating Sein's call, CII President Adi Godrej proposed a five-point agenda to strengthen India-Myanmar business relations.

"I propose enhancing connectivity in culture and commerce between the two countries; promoting integration and synergy in power and railway sectors; appropriate banking arrangements to foster trade and investment; enhancing bilateral engagement in trade protection, co-operation and collaboration in industries like tourism and software; and inviting managers from Myanmar to Indian industry's centres of excellence," Godrej said.

The Myanmar-India trade has been steadily increasing.

India stands as the fourth-largest trading partner with Myanmar with a trade volume of $1347.40 in 2011-12, according to CII.

In 2011-12, Myanmar's exports to India were $1,046 million, a 20 per cent increase over the previous year.

In the same period, Indian exports to Myanmar stood at$324.5 million, an increase of 66.5 per cent over the previous year.

Myanmar exports agriculture and forest products to India and imports metal ores and products, medicines, transport equipment, machines and machinery parts and electrical appliances.

Myanmar has introduced tax reforms and took initiatives to make its banking system more customer-friendly.

Among those present at the meeting included S. Ramadorai, advisor to Prime Minister on skill development and vice-chairman of Tata Consultancy Services; B. Muthuraman, vice-chairman of Tata Steel; Arun Nanda, director of Mahindra & Mahindra; Ravi Kant, vice-chairman of Tata Motors; and Ganesh Natarajan, chief executive officer of Zensar Technologies.

Pictures: Holi celebration at Pardaphash office
Indonesia Fashion Week 2014 in Jakarta
Success party of television serial Balika Vadhu
Promotion of film Queen
Absolut Elyx party hosted by the Suchitra Pillai
Announcement of Goa Carnival 2014
Supriya Keshari in special Valentine`s Day Theme Photo Shoot
Photoshoot of Tanisha Singh to show her support to Rahul Gandhi
`Qubool Hai` shooting in Agra
Salman Khan visits Siddhivinayak Temple during the first edition of Little Hearts Marathon
Photoshoot of Meghna Patel to show her support to Narendra Modi
Bollywood celebs at Zee Cine Awards 2014
`The Bodywear International Trade Expo-2014`
Tanisha Singh photo shoot
Katrina Kaif launches new hair care range 6 Oil Nourish
>>

Related Stories:-


Opinion Polls
Who according to you will be perfect Asad Ahmed Khan in Qubool Hai?
Gurmeet Singh
Karanvir Bohra
Karan Singh Grover
Anyone Else

Pardaphash name, logo and all associated elements ® and © 2011 Mahakaal News Management Pvt. Ltd.
All rights reserved. Pardaphash and the Pardaphash logo are registered marks of Mahakaal News management Pvt. Ltd.
Valid XHTML 1.0 Transitional