Myanmar travellers to India increased by more than 10 percent in 2017 compared to 2016, apparently boosted by India’s new visa-free policy for all Myanmar visitors starting in September 2017. Indian Prime Minister Narendra Modi announced the free visas for all Myanmar citizens during a visit to Myanmar last September 6. “More than 10pc growth […]
Expanding trade with India
INDIA has formed a Myanmar chamber of commerce in Yangon to boost trade and forge closer economic ties with the country. The move follows Indian Prime Minister Narendra Modi’s visit here on September 5-7 and also comes after India imposed import restrictions on Myanmar’s pulses and beans last month. Currently, trade between the two countries […]
On PM Narendra Modi’s visit, Myanmar to receive first lot of diesel from India
NAY PYI TAW: The first consignment of high speed diesel from India will reach Myanmar on September 3, Parami Energy Group CEO Ken Tun has said. Ken Tun told Mizzima News that his group is importing the diesel under a joint venture agreement with India’s Numaligarh Refineries or NRL. Two trucks, each loaded with 4,000 […]
Bumper harvest in India drives down demand for Myanmar pulses
India says a bumper harvest of pulses and beans back home has driven down import demands, forcing New Delhi to impose restrictions on imports from Myanmar. “Price of pulses have come down in India because of the bumper harvest and that has led to quantitative restrictions on imports,” said an Indian embassy press release today. […]
The insurance queue just got longer
Myanmar has a historic connection with the insurance industry. Almost 80 insurance companies operated in the market from the mid-19th century till the mid-20th century, and a large number of them were foreign companies. But things changed in the 1960s when the industry was taken over by the government and all foreign insurers in the […]
India Offers Myanmar’s Suu Kyi Help in Energy, Agriculture
NEW DELHI (AP) ” India offered on Wednesday to provide help with energy and agriculture in response to a request from visiting Myanmar leader Aung San Suu Kyi for cooperation in building infrastructure in her country. Indian Prime Minister Narendra Modi met with Suu Kyi in New Delhi and also offered help in restoring pagodas […]