Wednesday, April 20, 2011
At the end of 2010 India began a construction of a river port and waterway terminal in Myanmar, aimed at promoting trade between the two countries.
Construction for the Myanmar-India Kaladan Multimodal Transit Transport Project in Sittway township of Rakhine state last December, Xinhua reported citing official daily New Light of Myanmar.The construction in the Kaladan river project would be completed by 2013.
India is Myanmar's fourth largest trading partner after China, Thailand and Singapore.
The Myanmar-India bilateral trade reached $1.19 billion in the 2009-10 fiscal year, a 26.1 percent increase from the previous year, according to official statistics.
Source: Silicon India News
Posted in: investment,reports
