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28 August 2009
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India lends IT expertise to Myanmar

More Indian companies are to invest in Myanmar's information technology (IT) and education sectors this year, a local weekly the Myanmar Post reported Thursday.

India is willing to support Myanmar in IT sector development, the paper quoted the Indian embassy as saying. India has also planned to grant more scholarships to Myanmar students who desire to pursue their further education in the country. India has so far awarded scholarships to over 150 Myanmar students.

Lat year, India helped Myanmar set up 11 IT centers in key cities as part of the project jointly implemented by the Centre for Development Advanced Computing (CDAC) of India and the state-run Myanmar Posts and Telecommunications (MPT).

Meanwhile, the two sides also set up a $7 million optical fiber link which connects India's northeastern border town of Moreh and Myanmar's second largest city of Mandalay.

Meanwhile, Myanmar official statistics show two way trade between the neighbours reached $951.3 million in 2008-09, with Myanmar's exports to India accounting for $805.1 million versus $146.2 million in imports from India.

India is as Myanmar's fourth largest trading partner after Thailand, China and Singapore and also Myanmar's second largest export market after Thailand, absorbing 25 percent of its total exports. 


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