India, Myanmar boost bilateral relations
India and Myanmar are making every effort to strengthen their bilateral ties through growing cultural and trade exchange activities.
Indian President Nath Kovind (Source: AFP/VNA)Hanoi (VNA) – India and Myanmar are making every effort to strengthen their bilateral ties through growing cultural and trade exchange activities.
The statement was made by Indian President Nath Kovind on December 11 during his four-day trip to the Southeast Asian country from December 10-14.
He expressed his satisfaction at achievements recorded in bilateral relations and voiced his support for Myanmar’s economic recovery.
Kovind said that both the countries share a unique emotional connection owing to their close cultural ties and heritage of Buddhism.
Myanmar is now home to about 2 million people of Indian origin who act as an organic link between the two nations.
With the present government of Myanmar, India expects bilateral cooperation in the fields of commerce, defence, disaster relief and development projects will reach to the strategic level in the region. At present, two-way trade between India and Myanmar hovers around 1.6 billion USD.
India's project assistance to Myanmar is close to 1 billion USD in terms of grants and about 750 million USD in terms of lines of credit.-VNA
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