22 December 2020

NAY PYI TAW

U Thaung Tun, Union Minister for Ministry of Investment and Foreign Economic Relations today joined members of the India Myanmar Chamber of Commerce (IMCC) in launching the IMCC 2020 Catalog.

The IMCC 2020 Catalog provides Indian investors with an up-to-date overview of Myanmar’s investment and broader regulatory environment. This catalog will assist the Indian business community as they consider stepping up their investment activities in Myanmar.

The Union Minister used the opportunity to highlight the strong bilateral ties shared between India and Myanmar while highlighting a range of new investment opportunities now available to Indian investors as a result of recent reforms.

Moreover, he said that The Government of Myanmar made the full commitment to creating a favorable, more attractive, and investor-friendly-environment, stating: “And yet, in light of global uncertainty, some may well ask: What might Myanmar offer Indian investors at this moment? Why invest in Myanmar now? I say – with this government’s pursuit of broad-based, sustainable, and inclusive growth, Myanmar offers one of the most exciting frontier investment destinations currently on offer anywhere.”

The Union Minister reaffirmed the government’s commitment to furthering Myanmar-India investment ties.

The event was attended by over 80 individuals, including U Bharat Singh, Deputy Minister of Ministry of Investment and Foreign Economic Relations, Daw Thway Thway Chit, Director General of Ministry of Planning, Finance and Industry, H.E. Shri Saurabh Kumar, Ambassador of India to Myanmar, U Zaw Min Win, President of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI), Mr. Sunil Seth, President of the India-Myanmar Chamber of Commerce and the members of the IMCC.