India shares a land border of over 1,643 km with Myanmar as well as a maritime boundary in the Bay of Bengal.
India is 7th largest export destination for Myanmar
India is 4th largest source of imports for Myanmar
100% FDI is allowed by Myanmar in certain sectors
US$740m invested by 26 Indian enterprises in Myanmar
Bilateral trade in 2020-21
FDI inflows from April 2000 to March 2021
Overseas Indians living in Myanmar
Myanmar is the only ASEAN country adjoining India and is the gateway to South East Asia.
Myanmar is an important partner in the energy sector as future offshore gas finds can be piped to India. A US$ 6bn Oil Refinery project was proposed by India in October 2020.
Myanmar has introduced substantial improvements in starting a business, infrastructure and financial regulation
India and Myanmar share close cultural ties and a sense of deep kinship, given India's Buddhist heritage.
Myanmar's GDP is expected to expand by 6.6 per cent in 2019 and 6.8 per cent in 2020 as per the Asian Development Bank.
The MoU signed by the Governments of India and Myanmar will facilitate the detection of trafficking, speedy tracking of perpetrators, rehabilitation of victims, the training of resources on both sides of the border as well as the creation of a database of traffickers.
The bilateral meeting witnessed discussions on collaboration in the domains of Healthcare and Pharmaceutical, Infrastructure, Oil & Gas as well as Power. Both sides outlined the scope for greater economic engagement, specifically the setting up of an Integrated Check Post (ICP) at Tamu, Myanmar.
India's Exports and Imports to Myanmar
Source: Department of Commerce
Values in US$ Millions
|3||India’s Total Export||310,338.48||262,291.09||275,852.43||303,526.16||330,078.09|
|8||India’s Total Import||448,033.41||381,007.76||384,357.03||465,580.99||514,078.42|
|13||India’s Total Trade||758,371.89||643,298.84||660,209.46||769,107.15||844,156.51|
|17||India’s Trade Balance||-137,694.93||-118,716.67||-108,504.60||-162,054.83||-184,000.33|
545-547 Merchant St
Ta-1/25, 65th street, Corner of Ngu War Street, Chan Mya Thazi Township, Myothit, Mandalay, Myanmar
No. 4, Myin Pying Kwin Street, Pyi Daw Thar Quarter, Sittwe, Rakhine State, Myanmar – 07011
Waters, incl. min. waters & aerated waters, cont. added sugar/oth. sweeteni … (220210)agriexchange.apeda.gov.in
Malt extract; oth. food preps. of flour/groats/meal/starch/malt extact [see … (190190)
Rolled/flaked grains of cereals other than oats (110419)
Milk in powder/granules/oth. solid form, fat content by wt. not >1.5% (040210)agriexchange.apeda.gov.in
Peas (pisum sativum), dried, shelled, whether or not skinned/split (071310)agriexchange.apeda.gov.in
Ground-nut, not roasted or otherwise cooked, whether or not shelled or broken-seed (120230)agriexchange.apeda.gov.in
Production: 126,364.38 tonnes (October 2018 to September 2019)
Export: US$ 94.986 million (Myanmar Kyats 143,931.844 million)
Production: Ruby, Jade, Sapphire – 35,143.547 thousand kilos (October 2018 to September 2019)monrec.gov.mm
Production: 613.697 tonnes (October 2018 to September 2019)
Export: Myanmar Kyats 419.599 million
Here are the leading sectors of opportunities for foreign investors
Tata Motors has transferred its technology to a truck assembly plant in Myanmar
Zydus Cadilla has invested US$20 Million to set up a plant in Thilawa SEZ
Vihaan Networks Ltd installed solar powered telecommunication tower projects on Mandalay-Yangon highway (600 km)
Myanmar Insurance has signed an MoU to develop the insurance sector in Myanmar
HTOO Group of companies is involved in aviation, construction, trading activities in India