Recently, union minister for industry in Myanmar, Dr. Charlie Than convened a meeting with a delegation led by vice-president PK Shah from Nipha Exports Private Limited from India, in the reception hall of the union minister’s office.
The discussions primarily revolved around the import of essential industrial equipment required for Myanmar’s industrial sector.
This encompassed machinery vital for Micro, Small, and Medium Enterprises (MSMEs), as well as equipment for garment and textile industries, steel, cement, and medicine with the aim to bolster production and address pertinent technology support issues.
Furthermore, the meeting delved into matters concerning the promotion of trade and investment between India and Myanmar.
Both parties explored avenues to facilitate trade activities, including the prospect of enabling direct payments in Indian rupees and Myanmar kyats.
Such measures aim to streamline trade transactions and foster economic cooperation between the two nations.