India Explores Myanmar as Export Destination

Myanmar could become a major destination for India’s sugar market, especially amid the slumping prices and a supply glut in its domestic market, an Indian embassy official in Myanmar said.
“Myanmar imports sugar from Thailand and China to meet its domestic sugar demand, but not from India,” Neil Jain, first secretary at the Indian embassy in Myanmar, said at a conference last week, according to Indian media reports.
He said Indian sugar producers, especially ones based in India’s northernmost state of Uttar Pradesh, could explore possibilities of exporting sugar to Myanmar.
Jain also made a presentation on “Export and Business Opportunities with Myanmar” at the Indian Industries Association (IIA) in Lucknow, capital of Uttar Pradesh.
Myanmar offers business opportunities in silk and cotton for Indian investors and traders, Jain said.
The main export markets for Indian micro, small and medium entrepreneurs in Myanmar comprise construction, pharmaceuticals, construction-related raw material, electrical supply, information technology (IT), health, rubber slippers, hospitality and solar plants.
“Myanmar people are keen to studying the English language and computer skills, so there is a huge opportunity for language consultancies and the IT industry,” Jain added.
He also invited an IIA delegation to visit Myanmar and confabulate with Myanmar’s chambers of commerce.