The Confederation of Indian Industry (CII) is organizing a CEOs delegation to Myanmar on the occasion of the visit of Dr Manmohan Singh, Hon’ble Prime Minister of India, 28 - 29 May 2012.
Mr Sunil Bharti Mittal, Past President CII, and Chairman & Group CEO, Bharti Enterprises Limited will be leading the CII team to Myanmar. The delegation including Mr Hari S Bhartia, Past President CII, Co-Chairman & Founder, Jubilant Bhartia Group; Mr B Muthuraman, Immediate Past President CII, Chairman, Tata International Limited; Mr Sanjay Kirloskar, Chairman & Managing Director, Kirloskar Brothers Limited; Mr Atul Punj, Chairman, Punj Lloyd Limited; and Ms Supriya Banerji, Deputy Director General, Confederation of Indian Industry will be meeting with Industry members in Myanmar and key Ministers to discuss on sectors of interest between the two countries. The delegation will be having meetings in Nay Pyi Taw and Yangon.
Myanmar occupies a critical geo-strategic position in the world. It is a meeting point of South Asia, East Asia and South-East Asia. India sees it as a gateway to ASEAN. Closer engagement with Myanmar will give a boost to India’s Look East Policy.
Bilateral trade relations between the two countries is growing, particularly India’s import from Myanmar. While India exports little over US$ 300 million to Myanmar, India’s imports from Myanmar is worth US$ 1 billion. Through the India-ASEAN Free Trade Agreement (Myanmar is a member), both countries are hoping to double trade by 2015.
Trade oriented investments for joint ventures or wholly owned subsidiaries in Myanmar would best open up the route for enhancing India-Myanmar trade. There is scope in energy, oil & gas exploration, infrastructure, manufacturing, agriculture, telecom, banking, tourism, healthcare and professional services.
The Kaladan Multimodal Transit Transport Project envisages a direct trade corridor between a port in Myanmar and Indian ports on the eastern coast which will then pass through riverine transport and lastly by road to Mizoram. It is expected to be finished by 2013 and there is hope that this would transform the trade between India’s north-eastern states and the rest of the world.
There is a possibility of a bus route link between Imphal (Manipur) and Mandalay.