May 19, 2016

India makes push for stronger economic ties

Myanmar and Indian business leaders will meet this week in an effort to bolster economic ties and hit an ambitious new target for bilateral trade.

On May 19 India’s Minister of Commerce and Industry Ms Nirmala Sitharaman will lead the Myanmar-India Business Conclave, which is to focus on sharing experiences and discussing future cooperation, the Indian embassy said in a statement.

Despite sharing a long border and having historical and cultural links, trade and investment between the countries remains low, particularly relative to those between Myanmar and China.

India’s ambassador to Myanmar, Mr Gautam Mukhopadhaya, said business ties had languished for decades and his country is keen to rebuild the relationship. (Courtesy of frontiermyanmar.net)

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