Economic Cooperation : Myanmar–India Trade and Investment Conclave

The Myanmar–India Trade and Investment Conclave was held in New Delhi of India on Sunday. President U Min Aung Hlaing attended the event and delivered a keynote address, Myanmar and India share a long-standing relationship based on geographical proximity, historical connections, and strategic interests.

As neighboring countries linked through India’s Act East Policy and Neighbourhood First Policy, the visit aimed at further strengthening Myanmar's efforts to accelerate regional economic cooperation and integration. He stated that Myanmar formed a new democratically elected government on April 10, 2026, and is working with partner countries to promote sustainable economic growth and development.

Myanmar–India bilateral trade currently averages about 1.5 billion US dollar annually, with Myanmar exporting more goods than it imports from India. India has invested more than 782 million US dollar in 39 projects in Myanmar, mainly in the industrial, energy, telecommunications, services, and agriculture sectors.

The President invited Indian businesses to invest in key sectors including agriculture, livestock, pharmaceutical manufacturing, information technology, digital services, education, and healthcare. He also highlighted the importance of the Kaladan Multi-Modal Transit Transport Project and the India-Myanmar-Thailand Trilateral Highway, saying they will boost regional trade and connectivity.

The President added that Myanmar and India introduced a direct Rupee-Kyat payment system in 2024 through the Special Rupee Vostro Account (SRVA) mechanism, reducing transaction costs and facilitating faster trade and economic cooperation between the two countries.

The President emphasized that Myanmar serves as a strategic land bridge connecting India with ASEAN and China, and called for stronger economic cooperation to create mutually beneficial win-win opportunities for both countries.

The Secretary General of the Federation of Indian Chambers of Commerce and Industry (FICCI) and the Senior Advisor of the Confederation of Indian Industry (CII) also discussed bilateral economic cooperation and business-to-business engagement.

In response to queries from Indian entrepreneurs, the concerned Union Ministers and officials provided  clarifications on government facilitation measures and promising investment opportunities. In his concluding remarks, the President reiterated that invitations had been extended for investments in sectors that offer mutual benefits to both countries.

He also announced the formation of a committee comprising representatives from both countries to facilitate smooth coordination and implementation procedures. He pledged to continue efforts to strengthen the economy while advancing toward a multiparty democratic system, and encouraged Indian business leaders to invest in Myanmar with confidence and trust.