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Manipur Dy CM to attend Conclave in Myanmar

By Newmai News

IMPHAL, Jan 17 - Manipur Deputy Chief Minister Gaikhangam will attend a Regional Investment and Business Conclave to be held at Monywa in Sagaing Region of Myanmar on January 18-19.

The conclave, is being jointly organised by Consulate General of India, Mandalay, Myanmar in association with the Government of Sagaing Region and North East Chapter of Indian Chamber of Commerce, Guwahati, officials informed today.

The Reserve Bank of India discontinued the Indo-Myanmar barter trade from December 1, 2015 to switch over completely to normal trade. The RBI took the decision following improvement in banking presence in the border areas.

Twenty-two items such as fruits, onion and bamboo were allowed for barter trade by India and Myanmar. The Indo-Burmese border stretches over 1,600 kms.

India and Myanmar have agreed to a four-lane, 3200 km trilateral highway connecting, India, Myanmar and Thailand. This route, expected to be completed by 2016, will run from the Northeastern States into Myanmar. For this, over 1,600 km of road will be constructed or improved.

India�s Look East Policy is aimed at developing extensive economic and strategic relations with the nations of Southeast Asia in order to strengthen its standing as a regional power.

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