India and Myanmar set three billion dollar trade target by 2015 during the meeting of India’s energy minister Anand Sharma with his Myanmar counterpart U Than Htay in New Delhi held on 6 June 2013. India conveyed the interest of Indian banks in setting up their branches in Myanmar. It also conveyed its interest in deepening cooperation in the fields of energy, oil and natural gas. Improving air, road and water connectivity between the two countries was also discussed during the meeting.
Myanmar expressed keen interest in building linkages with the textiles sector of India. It has immense potential for Myanmar. It also sought India’s help in developing a full value chain for silk production in her country.
Myanmar is India’s important neighbor and the relations between the two countries have broadened and deepened in the last two years. India is ready to extend all necessary assistance to Myanmar in its development efforts.