Bilateral Partnership: India-Myanmar Business Conclave 2025

The Embassy of India in Yangon, in association with the India-Myanmar Chamber of Commerce (IMCC), organized the India-Myanmar Business Conclave 2025 on 10 January.

The event provided an important platform to policy makers, businesses and other stakeholders to connect and engage for fostering closer economic and trade ties between India and Myanmar. Deputy Minister, Ministry of Commerce U Minn Minn and Ambassador of India to Myanmar Shri Abhay Thakur addressed the gathering. underlining the commitment of both the governments to take further steps to strengthen bilateral cooperation in economic and commercial field.

The Joint Secretary and Minister of Commerce of India delivered his remarks virtually, highlighting the substantial untapped potential between the two countries and the recent steps taken by the Government of India to enhance trade links with Myanmar.

The Conclave served as a platform to understand ongoing bilateral mechanisms and main areas of cooperation and to deliberate on future avenues for mutual collaboration. Discussions were centered around major initiatives having potential to boost economic and trade cooperation, including the incentivization of the Rupee-Kyat trade settlement mechanism, early conclusion of the Coastal Shipping Agreement, petroleum, energy and power cooperation and digital payment collaboration, such as the RuPay card and Unified Payments Interface (UPI) with Myanmar.

Discussions at the Conclave helped in identifying key sectors for collaboration, including infrastructure development through projects like the India-Myanmar-Thailand Trilateral Highway and the Kaladan Multi-Modal Transit Transport Project, as well as opportunities in agriculture, renewable energy, technology, and tourism.

These areas hold immense potential for fostering regional growth and connectivity. The Conclave concluded with a reaffirmation of the strong commitment of both nations to their bilateral partnership.