World Beating Growth Lures India Refiners to Myanmar Fuel Market

Indian refiners are seeking a foothold in neighboring Myanmar to capitalize on growth prospects as the Southeast Asian nation emerges from a half-century of military rule. Numaligarh Refinery Ltd., a unit of India’s second-biggest state-run refiner Bharat Petroleum Corp., plans to export gasoline to Myanmar. Indian Oil Corp., the largest refiner, is also keen on […]

India plans to set up SEZ in Myanmar

NEW DELHI: It is not just Iran’s Chabahar port and connectivity to Eurasia that has caught attention of the Modi government. India plans to set up a SEZ in Sittwe in Myanmar where it has already built a port. The proposed SEZ by India will rival Chinese SEZ located 80 km down of strategically-located Sittwe […]

India, China, Myanmar should develop Stilwell Road: Chinese media

BEIJING: India, China and Myanmar should establish a joint dialogue mechanism to restore the Stilwell Road connecting the three countries to revitalise trade in the region, Chinese media said today. “The Stilwell Road was called the Ledo Road, but renamed after Stilwell at the suggestion of Kuomintang leader Chiang Kai-shek. Ledo, a small town in […]

India, Myanmar discussing procurement of pulses

NEW DELHI: Faced with shortage of pulses and increasing prices, the government today said it is negotiating a long-term arrangement for procurement of lentils fromMyanmar . Commerce Minister Nirmala Sitharaman, who was recently in Myanmar, said talks are going very well on government-to-government import of pulses. She said that India imports from various countries as the country produces […]

India offers to aid Myanmar in boosting agriculture, healthcare

India on Thursday offered to assist Myanmar in the area of public healthcare and provide support in boosting agricultural production. The offer was made by Commerce Minister Nirmala Sitharaman at the India Myanmar Business Conclave held at Myanmarese capital Yangon, according to an Indian commerce ministry statement in New Delhi. “India can cooperate in boosting […]

India took 180-degree turn in Myanmar policy: Shashi Tharoor

New Delhi: India took a “180-degree turn” in its approach towards Myanmar from being pro-democracy and anti-junta when Jaswant Singh was External Affairs Minister as it could not afford to surrender its influence on the country to China and Pakistan, former Union Minister Shashi Tharoor today said. He said that successive governments too followed the […]

IOC bids for fuel marketing and retail rights in Myanmar

New Delhi: State-run Indian Oil Corp (IOC) has bid for rights to import, store and distribute petroleum products in Myanmar. “We have put in a bid to enter fuel marketing and retail business in Myanmar,” a senior company official said. Myanmar Petroleum Products Enterprise (MPPE) last year invited companies to form a joint venture for […]

India-Myanmar-Thailand highway pact to be inked in 15 days

“We will sign a road agreement with Myanmar and Thailand to link the North-East to the two East-Asian countries. the agreement is ready and it will be signed in 15 days,” Nitin Gadkari said. NEW DELHI: India will sign a trilateral road agreement in the next 15 days with Myanmar and Thailand with a view […]

Bollywood movies cementing factor in India-Myanmar ties

A Southeast Asian nation of more than 100 ethnic groups, Myanmar is home to bustling precious stone markets and one of the most impressive Buddhist sites. But as you move around the country bordering India, Bangladesh, China, Laos and Thailand, you don’t feel out of place as Bollywood is extremely popular here. For, right from […]

Indian government to promote private investment in Myanmar

NEW DELHI: Hoping to give more teeth to its Act East Policy, the Modi government has decided to expand India’s economic links with Cambodia, Laos, Myanmar and Vietnam (CLMV) by promoting private sector investments in these countries through a project development company. his announcement was made by Finance Minister Arun Jaitley while presenting the annual […]