Indian firms, government eye Myanmar for investment, strategic inroads

NAY PYI TAW: Indian companies are joining global firms as they rush to draw up investment plans in Myanmar, while the government is eyeing several opportunities ranging from special economic zones (SEZs) to banking ventures in the emerging investment hot-spot in the region.

Telecom major Bharti Airtel has been shortlisted for submitting final bids for telecom licences in Myanmar that is planning to award two telecom licences soon.

Commerce, industry and textiles minister Anand Sharma, who is leading a business delegation to the World Economic Forum’s East Asia summit, is expected to hold wide-ranging talks to push the case for Indian investments in the strategic country that is slowly attracting global investor attention after opening up its economy.

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