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Myanmar critical partner in India's Look East policy: PM | The Prime Minister, Dr. Manmohan Singh, on Tuesday said Myanmar is a critical
partner in India 's "Look East" policy and is perfectly situated to play the role
of an economic bridge between India and China and between South and South-East
Asia . "We should work together to create a regional economy that can become a
hub for trade, investment and communication in the region. Better communication
is the best way of promoting economic integration and there is much we can do
to revive and build arteries of communication," said Dr. Singh in his address
to think-tank's and business community at an event organized by Myanmar Federation
of Chambers of Commerce and Industry and the Myanmar Development Resource Institute
in Yangon on India and Myanmar: A Partnership for Progress and Regional Development.
"Our two Governments have agreed to cooperate in a number of road building projects.
I hope that the very symbolic Trilateral Highway that will connect India , Myanmar
and Thailand can be fully built by 2016," he added. Dr. Singh said India is implementing
the Kaladan multimodal transport project that involves upgrading the Sittwe port
and constructing a highway to connect the town of Paletwa in Chin state to the
Indian border in Mizoram state. "This flagship project will revitalize the economy
of the area and link it with important commercial and shipping arteries. We hope
to complete it by 2015," said Dr. Singh. "Initiatives like BIMSTEC and Mekong
Ganga Cooperation provide a platform for enhanced regional cooperation and connectivity,"
he added. The Prime Minister said both India and Myanmar have also agreed to cooperate
in the development of the border regions that link the two sides. "The Government
of Myanmar has invited us to assist in the development of two areas contiguous
to our border, namely the Naga Self Administered Zone of the Sagaing Region and
the Chin State . We hope to implement small development projects that have been
successful elsewhere," said Dr. Singh. "Yesterday we agreed to set up several
border markets, beginning with the one at Pangsau, on the border of Arunachal
Pradesh in India and Sagaing in Myanmar . We are working to develop border infrastructure,
including the Rhi-Tiddim road that will enable greater cross-border links and
trade between Mizoram and Chin state," he added. Dr. Singh emphasized that these
efforts will give a boost to the local economies and provide livelihood opportunities.
"Trade will expand and be brought within the ambit of the law. These measures
will also help curb the activities of insurgent groups and other criminal elements
in these areas," he added. Stating that Indian industry is showing increasing
interest in Myanmar , Dr. Singh said: " In order to exploit the full potential
of our economic relationship, we need to facilitate trade and investment. Bilateral
banking arrangements need to be established to ease financial transactions. I
am glad that United Bank of India is in the process of opening its representative
office in Myanmar ." "I am confident that we can surpass our total trade target
of US $3 billion by the year 2015. But we need to diversify our trade basket.
India can import more agricultural produce, coal and other minerals and export
heavy industrial items, chemicals, pharmaceuticals and textiles," he added. Dr.
Singh said that to jumpstart commercial transactions, India has offered a US dollar
500 million Line of Credit to Myanmar for which an MOU was signed yesterday. Stating
that the energy sector is an area of great potential for cooperation, Dr. Singh
said: "There is a long historical association between the oil sectors of our two
countries going back to the days of Burmah Shell. India 's known oil reserves
in its North-East and the adjacent region of north and western Myanmar belong
to the same geological terrain." "We should upgrade our cooperation to a comprehensive
energy partnership, which would include sharing of Indian expertise and capacity-building,"
he added. The Prime Minister also said that human resource development is a vital
component of development programmes between the two nations. "I am happy to announce
that we have decided to double the number of training slots for Myanmar under
our technical assistance programme from 250 to 500 every year. Yesterday we also
signed an agreement on the setting up of the Myanmar Institute of Information
Technology, which will boost capacity in the ICT sector in Myanmar ," he added.
Dr. Singh, who held discussions with Myanmar 's democracy icon Daw Aung San Suu
Kyi here earlier today on the last day of his historic visit, is the first Indian
Prime Minister to visit Myanmar in 25 years.
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