Sitharaman leads CEOs delegation to Myanmar on Wednesday

Commerce Minister Nirmala Sitharaman will lead a 25-member business delegation to Myanmar on Wednesday in an effort to boost trade and economic ties between the two nations, an official statement said.

"Nirmala Sitharaman will be the first minister from India to visit Myanmar after the change of regime in Myanmar. She will lead a high-level CEO delegation to Myanmar from May 18-20, 2016," said a commerce ministry statement.

Sitharaman will take part in the India-Myanmar Business Conclave being organised by India at Myanmar's capital Yangon as part of its "Act East" policy, the ministry said.

The delegation includes Naushad Forbes, president of industry chamber CII, Rakesh Mittal of Bharti Enterprises), Shobana Kamineni of Apollo Hospitals, Arundhati Bhattacharya of State Bank of India, and Madhu Kannan of Tata Sons, among others. Leading business persons from Myanmar including many ministers shall attend the conclave, it added.

Sitharaman is also scheduled to have meeting with many ministers of the new Myanmar government including Commerce Minister Than Myint and Industry Minister U KhinMaung Cho.

The India-Myanmar bilateral trade was valued at around $2 billion in 2014-15.

--IANS

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