The Consulate General of India, Mandalay in collaboration with Sagaing District Chamber of Commerce and Industry, Indo Myanmar Association, Imphal and Manipur Industries Development Council, Manipur is holding a “Myanmar-India Business Summit and Trade Fair” from 11-12 January, 2019 at the Town Hall in Sagaing.
A 30-member delegation of prominent business leaders from Manipur, dealing with various sectors will be participating in the event, according to a statement. These business delegates are from various sectors such as agriculture, fruits and vegetables, food processing, handloom, handicrafts, iron and steel products, financial services, healthcare, education, and tourism.
The purpose of the Summit is to continue links among the business entrepreneurs of both the countries in this common platform. The business leaders from Myanmar will have an opportunity to explore the possibility of business tie-ups, trade, investment and joint ventures with participating Indian companies. Companies from Myanmar can also take advantage of various opportunities for trade and investment in India- particularly North East India, as today, India is one of the fastest growing major economies in the world and 6th largest economy; Government of India has undertaken a number of initiatives and introduced a series of reforms to further improve the business environment in India.
Likewise, Indian businesses too can avail themselves of the various advantages of setting up businesses in Myanmar as the business environment in Myanmar is changing, Government having more liberal policies by having introduced the Myanmar Investment Law, The Companies Act, creation of a new Ministry- Ministry of Investment and Foreign Economic Relations, Foreign Banks having been allowed to lend money to local businesses in US Dollars and local currencies.