Home / Knowledge / News / Textiles / India, Myanmar trade targeted at $1 bn in 2006-07

India, Myanmar trade targeted at $1 bn in 2006-07

Feb '07
To strengthen bilateral trade, India and Myanmar have set a $1 bn bilateral trade target for 2006-07 in areas which includes agriculture, IT, automobiles, textiles, telecommunications and oil & gas.

India is offering financial assistance worth $35 million to Myanmar for developing various projects which includes multi-modal transport system, road, railways and telephone network, said Sanjay Budhia, Vice-President, ICC, while speaking at a seminar on India-Myanmar Trade and Commerce organised by Indian Chamber of Commerce and Industries (ICC).

Ways and means for co-operation can also be found in areas of education and technology training, said Mr U Soe Paing, Consul General, Consulate General of Union of Myanmar, Kolkata.

India is ranked as the second-most important market for Myanmar exports and the seventh-most important source of its imports, as per a report released by ICC.

Principal exports from Myanmar to India are rice, maize, pulses, beans, sesame seeds, fish and prawns, timber, plywood and veneer, raw rubber, base metals and castor seed.

India's main exports to Myanmar are machinery and apparatus, dairy products, textile yarn, pharmaceutical products, rubber manufacturers and base metals.

To improve Indo-Myanmar trade and commerce, obstacles relating to transport, banking or other infrastructure has to be resolved, recommends ICC.

Must ReadView All

Pic: Shutterstock

Textiles | On 25th Sep 2021

EU extends GSP plus status for Pakistan with 6 new conventions

The European Union (EU) has extended its general system of...

Pic: Shutterstock

Apparel/Garments | On 25th Sep 2021

Bangladesh seeks Russian support for ensuring direct exports there

Bangladesh commerce minister Tipu Munshi recently sought Russian...

Pic: Boris-B / Shutterstock.com

Retail | On 25th Sep 2021

US’ Halloween spending to reach $10.14 bn this year: NRF

Consumer spending in the US on Halloween-related items is expected to ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Luxury is not just about high prices but ability to create desire

Textile Industry, Head honchos

Textile Industry
Head honchos

Led by MMF, Indian apparel exports likely to double in next 3 years

Textile Industry, Head honchos

Textile Industry
Head honchos

Instagram & fashion will go a long way together

Kurt Wedgwood,

Kurt Wedgwood

From design to raw material to fabrication and ultimately to delivery -...

Ghatit Laheru,

Ghatit Laheru

When the 2001 tremblor wrecked the Kachchh region of Gujarat throwing many ...

Susanna Koelblin,

Susanna Koelblin

Founded in 1920, Eastman is a global specialty materials company that...

Daniel Roxbury, University of Rhode Island

Daniel Roxbury
University of Rhode Island

Assistant professor Daniel Roxbury and former URI graduate student...

Daniel Odermatt, Ventile

Daniel Odermatt

Ventile is a registered trademark used to brand a special high-quality...

Brad Holschuh, Wearable Technology Lab, University of Minnesota

Brad Holschuh
Wearable Technology Lab, University of Minnesota

A new study led by researchers at the University of Minnesota's Design of...

Anjali Bhaskar, Samatvam

Anjali Bhaskar

<b>Anjali Bhaskar</b> has an experience of 12 years in the fashion...

Sandeep Gonsalves & Sarah Gonsalves, Sarah & Sandeep

Sandeep Gonsalves & Sarah Gonsalves
Sarah & Sandeep

Established in 2012, Sarah &amp; Sandeep is a luxury menswear label...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by <b>Aprajita Toor</b> were born out of a deep desire to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

September 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search