In the backdrop of falling prices and a glut in the domestic sugar market, Myanmar could be a good destination for the export of the sweetener, according to an Indian embassy official in that country.
"Myanmar imports sugar from Thailand and China to meet its domestic sugar demand, but not from India," Neil Jain, first secretary at the Indian embassy at Myanmar, said here on Thursday. He noted Indian sugar producers, especially ones based in Uttar Pradesh, could explore possibilities of exporting sugar to Myanmar. Jain also made a presentation on 'Export and Business Opportunities with Myanmar' at the Indian Industries Association (IIA) here. Myanmar offers business opportunities in silk and cotton for Indian investors and traders, Jain said.
The main export markets for Indian micro, small and medium entrepreneurs in Myanmar comprise construction, pharmaceuticals, construction-related raw material, electrical supply, information technology (IT), health, rubber slippers, hospitality and solar plants.
"Myanmar's people are keen to studying the English language and computer skills, so there is a huge opportunity for language consultancies and the IT industry," Jain added. He also invited an IIA delegation to visit Myanmar and confabulate with Myanmar's chambers of commerce.
