Chamber of Commerce Formed to Increase Trade between India and Myanmar

27 September 2017

India has formed the India-Myanmar Chamber of Commerce (IMCC) in Yangon to increase trade between the two countries, which currently stands at around $2 billion.

Mr. Sunil Seth, IMCC president, said the organization will focus on helping Indian business invest in Myanmar and vice versa. The IMCC is represented by large Indian corporations and small and medium enterprises based in Myanmar, including trading and distribution company Tata International, carmaker Mahindra and Mahindra, and tractor manufacturer Escorts Group.

Myanmar exports mainly crops and fish to India, while importing pharmaceutical products, steel, and machinery from India. It exports more than 80% of its annual 1.2 million tonnes of pulse and bean produce to India.

India plans to increase its support for the Myanmar energy sector, which is looking to tap renewable energy sources. India is also supporting the construction of the India-Myanmar-Thailand Trilateral Highway in Myanmar's Sagaing region.



Related Link:

In a landmark move to enhance tourism cooperation between India and Nepal, the Indian Association of Tour Operators...

Read More


Reliance Power of India has signed a major agreement with Green Digital Private Limited, a Bhutan government-owned entity,...

Read More


The Adani Group of India and the Druk Green Power Corporation (DGPC) of Bhutan have signed a landmark...

Read More


Mr. Deepak Khadka, Minister for Energy, Water Resources and Irrigation of the Government of Nepal, and Mr. Manohar...

Read More


The Governments of India and Nepal held their 21st Director-General Level Talks on Customs Cooperation in Kathmandu, Nepal,...

Read More


Thailand and Sri Lanka aim to expedite the implementation of the Thailand-Sri Lanka Free Trade Agreement (FTA), signed...

Read More


The Governments of Bhutan and Thailand have signed a landmark Free Trade Agreement (FTA) that aims to deepen...

Read More