Myanmar: India Inc’s next big destination

Indian investments in the country stand at $273.50 mn, expected to soar to $2.6 bn Lighting Products Chalo Myanmar seems to be the new mantra of Indian industry, which is keen to tap the market there. From infrastructure to energy to aviation, Indian companies are trying to mark their presence in that country. Although a […]

Myanmar allows access to Indian airlines

The fifth freedom rights allow an airline carry revenue traffic between countries as a part of services connecting the airline’s own country. Photo: Mint Yangon: Indian airlines can now operate flights to Myanmar as the country has granted traffic rights to India-based carriers paving the way for air connectivity between the nations. “Yes, we (Indian […]

India to provide $150 million to set up SEZ in Myanmar

New Delhi: India has offered USD 150 million of credit for project exports to set up a SEZ in Myanmar and has expressed hope that the neighbouring country would permit Indian banks to set up branches there. The issues came up for discussion during the three-day visit of Commerce and Industry Minister Anand Sharma to […]