New Delhi   

India, Myanmar to expand trade ties

NEW DELHI: Having agreed upon an alternative access route to the North-East, India and Myanmar are set to further enhance their engagement with the ongoing visit of Commerce Minister Brigadier General Tin Nain Thein, Minister of State for Commerce Jairam Ramesh said here.

“Basically we are taking forward our economic cooperation with Myanmar. The frequent interactions are reflective of India’s commitment to deepening economic and bilateral engagements,” said he after interacting with Brig. Gen. Thein.

Ties between the two countries are on an upswing with Myanmar offering India partnership in developing hydel power projects. Besides, Myanmar awarded three deep sea blocks to ONC Videsh and two to the Essar group. In a unique partnership, two Indian public sector companies have taken a 20 per cent stake in a pipeline being built by China to take gas from blocs awarded by Myanmar in the Bay of Bengal. On its part, India was prompt in offering unconditional aid when Hurricane Nargis had hit Myanmar. It has also offered credit lines to strengthen Myanmar’s power transmission system.

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

A taste of world’s greatest cheese
A special world of music from North-East
BJP revokes suspension of MP
Antony orders probe into ‘harassment’ of woman officer
India, Myanmar to expand trade ties
Centre explains procedure on appointment of judge
Expressway users cannot escape toll
French scholarships for five Indian students
We stand united, says NDA
IP University offering more seats this academic year
British varsity opens its first office in India
Discussion on N-deal
Sheila conducts surprise check of Metro
Traders’ Day planned
‘Protect the interests of women workers’
Released on bail
Held for murder
Japanese funding for INTACH
Delhi High Court jurisdiction may be extended to NCR
Power cuts reported
MCD schools to get boundary walls
Reject revised drafts for world trade talks: CPI(M)

Copyright © 2008, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu