Over 80 companies from India participated in the India-Myanmar Trade & Investment Show at Tatmadaw Hall in Yangon from September 24-27.
The show was organised by Federation of Indian Chambers of Commerce and Industry (FICCI) with support from the Ministry of Commerce, Government of India and The Indian Embassy in Myanmar.
Some of these companies are Larsen & Toubro, Thermax Limited, Kirloskar Electric Co Ltd, Finolex Cables Ltd, Encyclopaedia Britannica India Pvt Ltd, Borosil Glass Works Ltd, Bry-Air (Asia) Pvt. Ltd, VLCC Personal Care Ltd. and Zee Laboratories.
The organisers said the trade exhibition was an ideal platform to showcase India’s capabilities, products and services and to explore opportunities for joint ventures, technology transfer and marketing tie-ups.
The focus sectors during the trade show was agriculture and food industry, automobile, engineering and infrastructure, pharmaceuticals and healthcare, travel and tourism, and consumer products.
India’s trade with Myanmar more than doubled in the last seven years. In 2013-14 total trade has crossed $ 2 billion with Indian exports at $787.01 million and imports at $1.395 billion. The economic engagement between Myanmar and India has gained momentum in the last few years and trade relations between the two countries have witnessed a steady growth.
India accounts for a sizeable share in Myanmar’s imports of pharmaceutical products (37 percent), essential oil, perfumes, and cosmetics (6.6 percent), rubber and articles (6.2 percent), articles of iron or steel (5.6 percent), cotton (5.6 percent), and iron and steel (5.5 percent).