India and Myanmar set three billion dollar trade target by 2015
during the meeting of India’s energy minister Anand Sharma with his
Myanmar counterpart U Than Htay in New Delhi held on 6 June 2013. India
conveyed the interest of Indian banks in setting up their branches in
Myanmar. It also conveyed its interest in deepening cooperation in the
fields of energy, oil and natural gas. Improving air, road and water
connectivity between the two countries was also discussed during the
meeting.
Myanmar expressed keen interest in building linkages with the
textiles sector of India. It has immense potential for Myanmar. It also
sought India’s help in developing a full value chain for silk production
in her country.
Myanmar is India’s important neighbor and the relations between the
two countries have broadened and deepened in the last two years. India
is ready to extend all necessary assistance to Myanmar in its
development efforts.
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