August 19, 2016

Indian firms to showcase products and services in Yangon

MORE than 60 Indian firms are set to host an exposition of their products and services along with a seminar, the Indian Embassy in Yangon said yesterday.
The exhibition, entitled “4th Enterprise India Show” will feature a wide range of consumer products and services that range from infrastructure supplies, petroleum and natural gas equipment, power and energy tech, services, textile and garment technology and education products at the Tatmadaw Hall in Yangon from this Thursday until 1 November.
The exclusive exhibition will provide a platform for business networking, joint venturing, technology transfer, marketing arrangements, people-to-people interaction and cultural exchange, the embassy claimed. Its aim is to contribute to Myanmar’s economic opening, to aid in development and increase economic strength. It will also improve bilateral relations said Indian Ambassador Mr. Gautam Mukhophadhaya.
Run in association between the Indian Embassy in Myanmar, the Ministry of Commerce and Industry of India and the Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry the four-day event is managed by the Confederation of Indian Industry-CII, India’s premier business association.
According to the embassy a seminar to forge bilateral trade and economic cooperation in the areas of investment, agriculture, livestock and fisheries, construction, power and renewable energy, consumer goods and services, information technology, hospitality and the fishing industry is also scheduled to take place at Parkroyal Hotel in Yangon on Thursday.
During her visit to Myanmar early this year Indian Minister for Commerce and Industry Nirmala Sitharaman said that the two countries expected to top US$10 billion by 2020 with a trade target of US$3billion in 2015.
India is the fifth largest trading partner to Myanmar after China, Thailand, Singapore and Japan with investments in agriculture, manufacturing, oil and gas.


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