Duty Free Tariff Preference Scheme

In line with the Hong-Kong Ministerial Declaration of December 2005, the Government of India has implemented Duty Free Tariff Preference (DFTP) Scheme for the Least Developed Countries (LDCs) including Myanmar.

2. The Scheme provides for:

(i) Duty Free items : On about 85% of India’s total tariff lines, applied customs duty would be removed over a period of 5 years with 20% reduction each year. Two reductions have already been effected with effect from August 2008 and August 2009.

(ii) Positive List : In addition to the 85% duty free tariff lines, preferential market access as per Margin of Preference (MOP) is available on about 9% tariff lines (458 items). The MOP ranges from 10% to 100% on different items and is available on the applied rate of duty as on date of imports.

(iii) Exclusion List : Contains only 6% of total tariff lines (326 items) on which no tariff preference is available.

3. Specifically, the Scheme provides preferential market access on tariff lines that comprise 92.5% of global exports of all LDCs. Products of immediate interest to Africa which are covered include cotton, cocoa, aluminium ores, copper ores, cashew nuts, cane-sugar, ready-made garments, fish fillets and non-industrial diamonds.

4. The Scheme provides that in order to avail benefits under the Scheme, individual LDC members would submit to the Government of India a Letter of Intent and details of officials who would be responsible for issuing Certificate of Origin. The Scheme is open to all 49 LDC (list of LDCs) members including 33 LDCs in Africa.

4. The Scheme has been notified vide Customs Notifications No. 96/2008-Customs and 100/2008-Customs (Non-Tariff) dated 13th August, 2008. Subsequent notifications issued are 99/2008, 7/2009, 24/2009, 45/2009, 59/2009, 86/2009, 63/2010, 64/2010, 67/2010 and 95/2010. All these notifications are available on Government of India (Central Board of Excise & Customs) website www.cbec.gov.in

- List of LDCs.

- Status of Letter of Intent and details of Certificate of Origin received from LDCs.

- Indicative formats for submission of Letter of Intent and details for Certificate of Origin.

Bilateral Economic & Commercial Relations

BILATERAL ECONOMIC & COMMERCIAL RELATIONS

India has been a major trading partner of Myanmar. Since the signing of India and Myanmar trade agreement in 1970, bilateral trade has been growing steadily. Bilateral trade rose from US$ 328 million in 1997-98 to US$ 921.19 in 2006-7 and climbed up to US$ 2.052 billion in 2015-16 (though Myanmar trade statistics are far lower). In 2014-15, bilateral trade declined to US$ 2.01 billion due to ban on export of Myanmar timber. India is the fifth largest trade partner of Myanmar (3rd largest export destination for Myanmar and 7th largest source of imports into Myanmar). Since opening up of Myanmar economy new players have started to enter the country aggressively both for trade and investment. There is a huge potential for bilateral trade, investment and economic cooperation with Myanmar.

  Myanmar is the second largest supplier of beans and pulses to India. Timber and wood products accounted for more than 27% of Myanmar's exports to India (USD 600 million) in 2013-14. Timber exports to India slowed down to USD 382 million since the ban of exports of logs from Myanmar from April 2014. India’s exports to Myanmar include, pharmaceuticals, rubber products, plastics, machinery and equipments, cotton, garments, iron products, electrical machinery mineral oil, etc. Exports of pharma, which enjoy a good reputation in Myanmar, grew from about US$ 50 million in 2010 to US$ 169.17 million in 2014-15. Growth of imports from India outpaced growth of exports to India. India is the 4th largest trading partner among ASEAN and Myanmar’s neighbours. Potential areas are pharmaceuticals, agricultural machinery, agrochemicals, electrical goods, iron and steel, pulses and beans, investment in plantations, ICT and IT-related products and services.

Table 1. India-Myanmar bilateral trade (in million US $)

Figures in brackets indicate variation from previous year(s)

Year

2011-12

2012-13

2013-14

2014- 15

2015-16

India’s exports

545.38

(70.1%)

544.66

(-0.13%)

787.01

(44.5%)

773.74

(-1.69)

1068.20

(38.15%)

India’s imports

1,381.15

(35.72%)

1,412.69

(2.28%)

1395.67

(-1.20%)

1231.54

(-11.76)

984.27

(-20.08%)

TOTAL TRADE

1,870.20

(39.75%)

1,957.35

(1.6%)

2182.68

(11.51)

2005.28

(-8.13)

2052.47

(2.38%)

(Source: DGFT, Dept of Commerce, India)

Table 2. India’s major Imports from Myanmar (in million US$)

 

Category / Items Group

2013-14

2014-15

2015-16

1

Pulses and beans

624.13

813.85

819.91

2

Wood & articles

748.74

382.12

125.03

3

Fish, meat & preparations

2.90

5.37

4.21

4

Other edible items

14.82

26.27

31.56

5

Animal or vegetable fats and oils

2.91

0.88

0.11

6

Mineral Fuels, Mineral Oils and Products of their Distillation; Bituminous substances; Mineral waxes.

0.22

0.49

0

7

Inorganic and Organic Chemicals

0.02

0

0.73

8

boilers, machinery and mechanical appliances

0.08

0.41

0.13

9

Electrical Machinery and Equipment and parts

0.41

0.11

0.08

10

Iron and Steel (Articles of Iron and Steel)

0.01

0

0.10

11

Raw Hide & Skins

0.38

1.31

0.67

12

Plastic and Articles thereof

0

0

0.02

13

Rubber and Articles thereof

0.15

0.45

0.18

14

Miscellaneous

0.9

0.28

1.54

 

Total

1395.67

1231.54

984.27

(Source: DGFT, Dept of Commerce, India)

Table 3. India’s major exports to Myanmar (in million US$)

 

Category / Items Group

2013-14

2014-15

2015-16

1

Sugars & Sugar Confectionery

8.52

0.55

457.09

2

Pharmaceuticals

137.19

169.17

152.23

3

Electrical Machinery & Equipment

82.16

124.87

73.46

4

Boiler, Machinery & parts

133.99

76.09

46.07

5

Iron & steel

104.27

74.74

30.43

6

Residues waste from the food industry

60.77

48.9

19.33

7

Cotton & yarn

56.19

46.91

49.50

8

Vehicles other than railway

32.55

44.39

37.52

9

Miscellaneous

39.55

41.74

75.77

10

Garment & textiles

15.54

30.62

39.33

11

Other metals & articles

21.61

21.02

20.43

12

Chemicals & allied products

14.99

18.27

20.43

13

Tools, implements

5.39

17.33

4.04

14

Edible items

17.31

17.03

15.53

15

Rubber & articles

12.89

10.54

7.65

16

Dairy Produce

13.68

10.2

0.11

17

Earths & stone, lime & cement

9.42

9.11

1.4

18

Plastic & articles

2.76

7.22

14.39

19

Minerals oils

8.09

3.93

2.94

20

Locomotives, rolling stock & parts

9.97

1.11

0.55

21

Fertilizer

0.17

0

0

22

Total

787.01

773.74

1068.20

(Source: DGFT, Dept of Commerce, India)

BORDER TRADE

Table 4. Trends of bilateral border trade (in million US$)

Year

Myanmar exports

Myanmar Imports

Total trade

Balance of Trade

2010-2011

8.30

4.50

12.80

3.80

2011-2012

8.87

6.54

15.41

2.33

2012-2013

26.96

11.67

38.63

15.20

2013-2014

30.92

17.71

48.63

13.21

2014-2015

42.61

18.11

60.72

24.50

2015-2016

53.02

18.62

71.64

34.40

(Source: Ministry of Commerce, Myanmar)

 

Bilateral mechanisms

India and Myanmar have signed a Bilateral Investment Promotion & Protection Agreement (BIPPA) and Double Taxation Avoidance Agreement (DTAA). These agreements are aimed at providing an easy flow of bilateral investments and business profits and for taxation-related matters. Both the agreements have been ratified by India and Myanmar.

 

Joint Trade Committee: Joint Trade Committee (JTC), chaired by the respective Commerce Ministers, has been effective in reviewing and setting policy objectives for bilateral trade between the two countries. Set up in 2003, the Joint Trade Committee has met five times so far and has successfully directed the rapid growth of commercial relations between the two countries. The 4th India-Myanmar Joint Trade Committee (JTC) Meeting was held in New Delhi in September 2011. The 5th JTC meeting was held in Nay Pyi Taw on 16-17 February 2015. Other important decisions taken were setting up of Border Haats and to set up an India- Myanmar Joint Trade and Investment Forum and Border Trade Committee, which were formed. The two sides also discussed ways to improve trade and investments between the countries, and to improving connectivity.

 

Joint Trade and Investment Forum: Following the signing of MOU in May 2012 and as also envisaged at the JTC, a Joint Trade and Investment Forum (JTIF) was established. The first meeting of the JTIF was co-chaired by Mr. Sunil Mittal, Chairman Bharti Group and Mr. Aung Win, President of UMFCCI and Chairman, Dagon International. The first meeting was held in Yangon on 7 June 2013. The Forum has made three valuable suggestions for increasing our trade and investment in order to realize the potential exists in our countries. They recommended having greater connectivity by both sea and air; infrastructure facilities at border posts; and uplifting farm and food processing industries in Myanmar.

 

Border Trade Committee: was established at Joint Secretary Level to discuss matters related to border trade. The first meeting was held in Moreh, Manipur; the second meeting was held in November 2013 in Tamu, Myanmar; and the third meeting was held in December in New Delhi. Both sides reviewed the decisions taken in previous meetings and identified ways to improve border trade including trade facilitation at the border posts. Similarly a Border Haats Committee was also established at JS level which has met once in New Delhi.

 

 Textile and Sericulture Development: Following the visit of CITM to Myanmar in June 2013, Joint Secretary (Textiles) visited Myanmar in November 2013 and discussed cooperation in textile and silk industry with Myanmar. On the sericulture sector, a two-member technical team from Central Sericulture Board visited Myanmar on 13 &14 February 2014 and held detailed discussions on sericulture development and on the draft MOU for cooperation in sericulture.

INVESTMENT

India is presently the ninth largest investor with an approved investment of US$ 730.649 million by 22 Indian companies, out of the total estimated investments of US$ 58.03 billion from 41 countries by 1001 enterprises (as of 29 Feb 2016). Most of India’s investments have been in the oil and gas sector. In the recent past the following Indian companies won major contracts/investments. TATA motor has transferred technology of truck assembly plant in Magway, Myanmar in association with Myanmar Automobile & Diesel Industries Limited (MADI) with the GOI support. The plant deals with highly flexible chassis & frame assembly line along with a cab manufacturing, painting and trimming activities with a capacity to deliver 1000 vehicles per year. In 2013, TATA motors opened its first sales, service and spares showroom in Yangon. TVS motors (two wheelers) launched dealership in Mandalay and Myitkyina. Sonalika Tractors, New Holland tractor, Escorts and their farm implements from India have good presence in Myanmar. In addition to above, various Indian companies like Birla Corporation, Avantha Group, Parry Agro Industries, Amalgamated Tea Plantations Ltd., Lucky Exports, Oberoi group, ITC Hotels, Bharti Airtel, Kirlosker Pumps, Cairn Energy India ltd., Asian Oilfield Services India , Kanachur Industries India Ltd., Royal Solar, GMR, JK Paper and Cement, Shree Cements, etc. have shown considerable interest in investing in Myanmar.

 

Punj Lloyd Ltd, an Indian contractor executed a part of Myanmar China Oil Pipeline Project and Myanmar China Gas Pipeline Project along with South East Asia Crude Oil Pipeline Company Limited and South East of Asia Gas Pipeline Company since May 2011 with an estimated total investment of US $ 475 million. Larson and Toubro involved in an offshore project at M9 &M11 blocks in Gulf of Martaban, Myanmar, Zawtika Development Project, with a cost of US$ 250 million. The project involves three wellhead topsides and three jackets weight 7000-8000 MT installed in a water depth of 130-150 meters and 21 km of 18 inches subsea pipelines. The other project won by them was the Yetagu offshore Project: Engineering procurement fabrication and installation of wellhead platforms and pipelines at Yetagu offshore field with a cost of US$112 million. Vihaan Networks Ltd completed a project of USD 5 million for installation of solar powered telecommunication tower projects on Mandalay- Yangon highway (600 km). In the wood based industries sector as the export of unprocessed logs has been banned by Myanmar since April 2014, a number of Indian companies namely Centuryply, Greenply Industries, MAK Plywood, B.S Progressive and Fine Ply have set up their wood-based industries with a total estimated investment of about US$ 35 million. Global Protek is setting up a PVC plant with Thiha Tun Company at Monwya, Sagaing Region. Two vocational training institutes are being set up by George Telegraph, Calcutta in joint ventures with two local firms both at Monwya and Mandalay.

 

Tata Power signed an Memorandum of Understanding (MoU) with Ministry of Electric Power, Government of Myanmar on 11 April 2013 for an imported coal fired power project at Ngayok Kaung in Ayeyarwaddy region, Myanmar. It is expected to be commissioned in 2019-20. Tata Power is also desirous of participating in hydro/ gas or renewable generation and also power distribution business opportunities in Myanmar and seek the support of Government of India and Myanmar in this respect.

 

Potential sectors for Indian investment: Power, Renewable Energy, Agri-business, food processing, construction related industries, hospital & Healthcare, vocational training & Education, Mining, Oil and Gas, Refinery, Fertilizer, Pharma & Iron and steel.

HYDROCARBON AND ENERGY

An MoU on Co-operation in the Petroleum Sector between Ministry of Petroleum and Natural Gas of India and Ministry of Energy of Myanmar was signed during Hon’ble President’s visit to Myanmar in March 2006. Since then both private and public companies from India have shown interest in exploration and development activities. Following the visit of Myanmar electric power minister to India in April 2015, a working level/technical level meeting to supply 2-3 MW electricity to Tamu (Sagaing) from Manipur was held in Tamu in August 2015.

 

ONGC Videsh Ltd. (OVL) and GAIL in 2006 acquired 20% and 10% participating interest in the A1/A3 blocks (Shwe Development and Production Area). In 2010, ONGC withdrew due to poor prospects from the AD-2, AD-3 & AD-9 deepwater blocks to which it had been given PSC rights. ESSAR acquired stakes in offshore block A2 and onshore block 'L' in 2005 and had undertaken some exploratory work but there was no significant move since 2009 which contract has expired. In 2011, Jubilant Energy got exploration and prospecting rights on PSC-1 onshore block (3600 km2) along with consortium of Parami Energy Development Co Ltd, Myanmar. They were keen on securing similar rights in the 2013 round of bidding for one or two more adjacent onshore blocks but could add one. However, ONGC won two blocks viz., B2 and EP3 of the onshore bidding round 2013 for which PSC were signed in 2014. With regard to offshore bidding round 2013, Reliance (2 blocks-M17 & M18) and Oil India Limited with Oil Max and Mercator (2 block-YEB & M4) won shallow water blocks in March 2014;and signed PSC in 2015.

BANKING & INSURANCE

Cooperation in banking sector is crucial for investment and trade. A banking delegation led by Shri Ashok Nigam, Joint Secretary visited Myanmar in March 2012 to expand cooperation in banking sector. During the visit of PM to Myanmar in May 2012, Myanmar side welcomed the training of Myanmar officials in the Banking sector by Indian banks and for cooperation in the Agriculture Banking sector; and between Reserve Bank of India and the Central Bank of Myanmar. III delegation visited Myanmar in November 2015 to explore cooperation between the Institute and Myanmar insurance.

 

United Bank of India signed a number of banking agreements with banks of Myanmar (MFTB, MICB, MEB, and 9 private banks) in order to facilitate trade transactions between the two countries. United Bank of India (UBI) has opened its representative office in November 2012. For trade transactions UBI has opened USD account in the United Overseas Bank in Singapore. UBI singed MOU with MFTB, MICB and Myanmar Economic Bank (all three are state owned banks) for correspondent banking. In addition to UBI, Bank of India, State Bank of India and EXIM bank have opened representative office in Yangon. Further, SBI was granted commercial banking license in March 2016. RBI has approved UBI for opening a USD Vostro account by Myanmar Economic Bank in UBI Moreh branch. SBI has opened facilities such as ATM, Forex and duty payment at SBI branches at Moreh and Zowkhatar. New India Assurances Limited has opened its representative office in Yangon in June 2015.

 

 index2

 

Commercial Activities

COMMERCIAL ACTIVITIES

Indian commercial activities have increased since the opening of Myanmar economy and implementation of economic reforms. With the support of the Embassy several business interactions, exhibitions, B-2-B etc were organized during the visit of business delegations and business chambers from India. At the institutional level, Confederation of Indian Industry (CII) has developed links with the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI). CII and NASSCOM have linkages with the Myanmar Computer Federation (MCF) since 2004. UMFCCI also has an understanding of cooperation with the Bengal Chambers of Commerce and Industry (BCCI). North East India Federation of Investment and Trade signed an MoU with UMFCCI in July 2009 on bilateral Trade. Indo-Myanmar Chamber of Commerce and Industry (IMCCI) delegation visits Myanmar annually. Myanmar India Business Chamber, Yangon also has links with Federation of Industries and Commerce in North East India. Enterprise India shows and India product shows are organized regularly in Myanmar.

Visits

  1. Deputy Minister of Commerce Dr. Pwint Sann attended the 2nd India-ASEAN Business Fair & Business Conclave (IABF) on 18 December 2012 in New Delhi.
  2. Chief Minister of Sagaing U Tha Aye led a business delegation to attend the 8th North-East Business Summit at Delhi in January 2013 jointly organized by the Ministry of DoNER and Indian Chamber of Commerce.
  3. Under ICC Kolkata, Chief Minister of Manipur Shri O. Ibobi Singh led a business delegation including State Ministers form Nagaland and Mizoram. In total, over 120 delegates participated at the Regional Business and Investment Conclave at Monywa on 28 & 29 May, 2013. A Product Display was also held on the sidelines.
  4. Deputy Commerce Minister Dr. Pwint Sann led a business delegation to India to attend the 1st Business Conclave: “Creating New Economic Opportunities CLMV Business Conclave organized by CII on 21-22 October 2013.
  5. Chief Ministers of Sagaing and Mandalay led a 180-member business/cultural delegation to Imphal during inaugural flight of Golden Myanmar Airlines from Mandalay to Imphal and attended the 9th North–East India Business summit in Dibrugarh, Assam on 21&22 November 2013 hosted by the Indian Chamber of Commerce (ICC) with support of Ministry of DoNER.
  6. Myanmar delegation is a regular participant at the EEPC Indian Engineering Sourcing Show in Mumbai. In 2013, a 40-member delegation led by Regional Ministers of Sagaing and Mandalay participated and in January 2014 a delegation led by U Kyaw Myint, Mandalay Region Minister for Electric & Industry, U Kyaw Win, Sagaing Region Minister for Electric & Industry, and U Aung Zaw Oo, Sagaing Region Minister of Transport, along with 15 businessmen attended the show.
  7. A 14- member delegation including two Ministers and Deputy Speaker of the Assembly of Sagaing Region visited Guwahati to participate in North East India-ASEAN Trade Show from 22-27 February 2014.
  8. CITM Shri Anand Sharma’s visit to Myanmar for the WEF in 6-7 June 2013 and his meetings with his counterpart in Yangon and Minister of Energy in Nay Pyi Taw.
  9. MOS Commerce and Industry Dr. S. Nachiappan paid an official visit to Myanmar from 12-15 March 2014 to inaugurate the EEPC INDEE exhibition in Yangon. CM of Yangon joined MOS at the Inaugural ceremony. During MOS visit, he also called on Chief Minister of Yangon U Myint Swe in Yangon and in Nay Pyi Taw MOS met Union Minister of Industry U Maung Myint, Union Minister of Agriculture U Myint Hlaing, Union Minister of Livestock, Fisheries and rural Development U Ohn Myint, and Deputy Minister of Hotel and Tourism.
  10. Chief Minister of Chin State U Hong Ngai along with 38 member delegation including cultural troupe visited Imphal to attend Sangai Festival, an annual cultural festival of Manipur State from 20th– 24th November, 2014. A 10-member delegation led by Chief Minister of Sagaing Region U Tha Aye and Chief Minister of Kachin State U Lajon Ngan Sai visited India from 30th November – 7th December, 2014 at the invitation of the Chief Minister of Nagaland to attend the inauguration of Hornbill Festival, an annual cultural festival of Nagaland, India on 1st December, 2014. The Festival was inaugurated by Prime Minister. The two Chief Ministers then travelled to Shillong, Meghalaya State to attend a two day Conference/Seminar on India’s North Eastern States and Eastern Neighbours: Engaging for connectivity, culture and prosperity by an intelligent third space in Shillong on 5th and 6th December, 2014. The Seminar was organized by the Asian Confluence, Divya Jeevan Foundation in collaboration with Indian Council for World Affairs, Ministry of External Affairs. A delegation led by Sagaing Regional Minister of Industries led a business and cultural delegation to participate in the Assam International Fair from 19-25 February 2015.
  11. Commerce and Industry Minister Smt. Nirmala Sitharaman paid an official visit to Myanmar and co-chaired the 5th Joint Trade Committee Meeting in Nay Pyi Taw on 16-17 February 2015. She also called on Vice President (No.2) of Myanmar U Nyan Tun, and met Minister of President’s Office U Soe Thane and Minister of Commerce U Win Myint. In Yangon she had business interaction with the UMFCCI officials and Deputy Minister of Commerce Dr. Pwint Sann on 18 February 2015.
  12. Minister of Electric Power of Myanmar U Khin Maung Soe visited India from 27-30 April 2015 and had held discussions on cooperation in power sector with Minister of Power Shri Pyuish Goel, MOS (VK), NEEPCO & NTPC.
  13. Myanmar Economic Corporation Chairman led business delegation to India where the MEC delegation visited various industries in Chennai, Pune, Mumbai, and Delhi; and explored business collaboration.
  14. MOS C&I Smt Nirmala Sitharaman visited Yangon on 17-18 May 2016 for the India-Myanmar Business Conclave. MOS was accompanied by a high-level CII delegation comprising over 35 delegates. During the visit MOS met the Myanmar Ministers for Construction, Commerce as well as Industry. This was the first Ministerial business delegation visiting Myanmar by any country after assumption of charge by the new government.

Exchange of visits by various business chambers and participation in each other’s exhibitions/fairs has fortified the close and friendly ties between the two countries. Business delegations have been visiting Myanmar regularly and a number of business events are taking place in Myanmar. Indian commercial activities have increased over the last two years in Myanmar which include the following:

  1. India Product Show 2012 (March) representing 19 companies; NEFIT’s car rally from (March 2012) with over 60 participants (including over 35 business community representatives) from Guwahati to Yangon and back; Enterprise India show 2011 organised by CII in November 2011 (after a long gap of 7 years) in which over 60 Indian companies participated and a Seminar on the margins in which 20 leading Indian business companies participated.
  2. Shri Sanjay Bhudia            Chairman & MD, CII National Committee on Exports and Managing Director Patton International Ltd led a business delegation to Myanmar and held meetings with various Ministries in December 2012
  3. 18 companies from CHEMEXCIL also visited Myanmar in March 2011 and organized a Buyer Seller Meet at UMFCCI. MIBC and India's Pharmaceuticals Export Promotion Council, (PHARMEXCIL) also organized an Indian Pharma Exposition 2011 and Buyer-Seller Meet in February 2011 to boost partnership and cooperation in the Health sector.
  4. Similarly hospitals like Apollo, AMRI and started their operations through local Myanmar agents to boost Medical tourism. In the education sector, Myanmar India Business Chamber (MIBC) organized two Education fairs (March 2012 and May 2011) to create Indian education awareness in Myanmar. In March 2011, CII also organized the India – ASEAN Business Fair in New Delhi. Myanmar participated in the fair with great enthusiasm and even sent a 12 member cultural troupe during the period to India.
  5. The Indian Chamber of Commerce (ICC) mounted a delegation to Myanmar of businessmen and policy makers from the north-eastern states of India from 26-31 August 2012. The business group included representatives from different sectors including power, oil, gas, textile, steel, construction, rubber, tea, tourism, teak and timber, IT, telecommunication etc. Later in March 2013, ICC has mounted a business delegation to Yangon and Sittwe and had held B2B and participated in a Business Seminar in Yangon.
  6. Federation of Indian Export Organizations (FIEO) organized an ‘India Show’ in Yangon from September 3-7, 2012. The ‘India Show’ consisted of a Buyer-Seller Meet and display of Indian products. The 30 member delegation mounted by FIEO had representatives from various sectors including solar energy, telecom, textiles, engineering goods, handloom and handicrafts, jute products, hardware, hand tools, spices, garments, artificial jewellery and incense products.
  7. IMCCI led delegation in September 2012 and had held meetings and B2B with business chambers in Yangon and Mandalay.
  8. A delegation each from Export-Import Bank (EXIM) and Reserve Bank of India (RBI) visited Myanmar in August and September 2012 respectively to discuss mutual cooperation in banking sector.
  9. Several commercial activities in the field of agriculture in the form of training courses for farmers in Mandalay and Sagaing Region were also undertaken. In this connection a four days training was held in Kyaukse from 18-21 October
  10. A 13-member business delegation from Indo-Myanmar Chamber of Commerce and Industry visited Mandalay from 28 October to 5 November 2012.
  11. Samir Walia, President ‘Frankfinn Air Hostess Training Academy’ visited, Mandalay in November 2012 and held discussions with Heads of local domestic Airlines and training institutes for prospects in the field.
  12. EEPC India delegation led by Rakesh Shah visited Yangon and had held B2B with UMFCCI members on 14 January 2013.
  13. Bengal Chambers of Commerce (February 2013), Calcutta Chamber of Commerce (April 2013) have mounted business delegation to Myanmar. Calcutta Chamber of Commerce in Mandalay signed MoUs with the Mandalay Region Chamber of Commerce and Industry (MRCCI).
  14. CII-Western region delegation led by Shri Ninad Karpe visited Myanmar from 15-21 September 2013 and had held discussions with UMFCCI officials and called on Vice President U Nyan Tun and senior Ministers in Nay Pyi Taw.
  15. An India Product Show-2014 was organized by Indo-Myanmar Chamber of Commerce (Mumbai) from January 17-19, 2014 in Mandalay. Indian companies namely Kirloskar, TVS Motors, Mahindra and Mahindra , Shakti Pumps, Ind Boilers, Sahayadri Industries etc and over 40 companies participated in show and B2B interaction. Over 40 Artisans of Manipur and Handloom and Handicraft Exhibition with support from the State government of Manipur also participated at Indian Product Display.
  16. A 12 member farmer’s delegation from Mandalay and Sagaing attended the 1st International Agro Horticulture show at Guwahati in January 2014.
  17. CII organized with the support of Ministry of commerce organized 2nd Enterprise India show in Yangon from 14-16 January 2014 which was jointly inaugurated by CM of Yangon region and Ambassador of India.
  18. The Consulate General of India, Mandalay organized a Business to Business meeting on February 27, 2014 in collaboration with Electronics and Computer Software Export Promotion Council (ESC) and Myanmar Computer Federation (MCF).
  19. EEPC-INDEE Myanmar an engineering exhibition was organised by EEPC with the support of Embassy in Yangon from 13-15 March 2014. 109 Indian companies participated at the exhibition. CM of Yangon and MOS Commerce and Industry Dr. S. Nachiappan jointly inaugurated the exhibition.
  20. Indian Chamber of Commerce in association with Embassy of India and UMFCCI organized an India Investrade 2014 in Sedona Hotel from 23-24 July 2014. 55 companies from various sectors participated in the exhibition cum conference and B2b events. CM of Yangon region inaugurated the event on 23 July. Following which a seminar was also organized in Mandalay on 25 July on enhancing border trade.
  21. FICCI with the support of Ministry of Commerce and Embassy of India organized a Trade and Investment Show from 24-27 September 2014 in Tatmadaw hall in Yangon. Minister of Industry U Maung Myint and Ambassador of India Inaugurated the event. 105 companies from India participated. On the second day 25 September “make in india” launch was also organized at the venue.
  22. SRTEPC organized a B2B meeting cum exhibition (INTEXPO) in Yangon from 15 to 16 October 2014 at the Parkroyal Hotel, Yangon.
  23. CII organized 3rd Enterprise India show in Mandalay in October 2014 where over 80 companies participated. CM of Mandalay inaugurated the event.
  24. TEXPROCIL mounted a delegation to Myanmar from 9-12 December 2014 and held BSMs in Yangon and Mandalay.
  25. Pharmaxcil organized Expo-cum BSM in Yangon, from 19-21 February 2015.
  26. EEPC organized an Engineering exhibition in Mandalay from 27 February- 1 March 2015 where over 80 Indian engineering companies participated.
  27. Embassy of India organized an India-Myanmar Solar Energy Workshop on 17 March 2015 in Yangon where speakers from leading solar energy companies from India viz., SunEdison, Waaree, Exide participated at the Workshop.
  28. India Education Fair was organized by Sapaevents in Yangon on 28-29 March 2015.
  29. India-International Plastic Exhibition was organized 1-3 April 2015, Yangon.
  30. Automotive Component Manufacturers Association of India (ACMA), with the support of DOC, Government of India, Myanmar Automobile Manufacturers and Distributors Association (MAMDA) and Embassy organized a BSM in Yangon on 7 August 2015 at the Summit Parkview Hotel, Yangon.
  31. Federation of Gujarat Industries mounted a 20-member business delegation to Yangon from 12-14 September 2015; and the Embassy organized a BSM Yangon.
  32. CII with the support of DOC and Embassy organized the 4th Enterprise India show in Yangon from 29 October 2014 to 1 November 2015, where over 80 companies participated. CM of Yangon inaugurated the event.
  33. A Seminar for strengthening trade and economic cooperation was also organized by the Embassy on 29 October at Parkroyal, Yangon
  34. Wines of India-a wine appreciation event was organized by the Embassy with the support of APEDA on 29 October 2015                
    index 

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