NE India-Myanmar Business Conclave from May 26 2013

Source: Hueiyen News Service
Imphal, April 30 2013: In a bid to boost trade relationship Myanmar and India, specially in the northeast region, the first ever “North East India-Myanmar Business Conclave” is all set to commence from May 26 next with the inaugural function on May 27 at Monywa and Mandalay.

The proposed business conclave has gained significance in the light of business projection that the quantum of trade between India and Myanmar is likely to be increased manifold and it is estimated to cross 3 billion dollar during current 2013 .

The Business Conclave, which would be held under the auspices of Indian Chamber of Commerce with the support of Myanmar Government, would deliberate on various issues with special focus on development of border trade and tourism.

According to a notification served to the Government of Manipur by Rajiv Singh, Director General of Indian Chamber of Commerce, Kolkata, the conclave to be held in Myanmar under the auspices of Indian Chamber of Commerce is an outcome of the North East Business Summit held at New Delhi earlier this year where the Chief Minister of Sagaing Region, Myanmar also took part.

The conclave is to be supported by Myanmar Government, Indian Embassy in Yangon, Consulate General of Mandalay and various Chambers of Commerce in Myanmar.

According to reports reaching Hueiyen Lanpao, in the business conclave, Indian side would give special focus on discussion of various major issues related to promotion of trade between India and Myanmar in general and the North Eastern States and Myanmar in particular.

It would also focus on investments prospects of Indians in Myanmar.

But from the side of the Myanmarese side is likely to draw attention to various sectors including food processing, oil seed extraction, electrical and electronics, agriculture, contract farming, teak and timber, mining, hotel, logistics, infrastructure, transport, manufacturing and textiles.