Arunachal Pradesh delegation in Myanmar for business meet

 ITANAGAR: A business delegation from Arunachal Pradesh, led by agriculture minister Setong Sena, reached Mandalay in Myanmar for the second Northeast India-Myanmar Business conclave. The delegation called on the chief minister of Mandalay Region, U Ye Myint, at his official residence on Monday, sources said here on Wednesday.

While exchanging views, Myint and Sena stressed on cultural exchanges between the two countries and more people-to-people contact for strengthening ties, which will ultimately foster economic relations.

"India-Myanmar relations are rooted in shared historical, ethnic, cultural and religious ties. The Pangsau Pass Winter Festival is a step towards that direction where people from both countries participate in cultural programmes and trading activities," said Sena.

Myint informed that the government of Mandalay Region is establishing an industrial park at Myingyan, 30 km from Mandalay, and invited investors from India to invest in agro-based Industries, IT, cement and tourism. He suggested that this historic visit be followed by a one-to-one meeting with the help of the consul general of India in Myanmar to finalize investment opportunities here.

Later in the evening, a seminar on bilateral trade and investment was organized where the agriculture and forest minister, U Myint Than, appreciated the move of the ICC in organizing the event.

"Prime Minister Manmohan Singh's visit to Myanmar has opened a new chapter and created a new milestone in the relationship between the two," the minister said.

"Myanmar has a flexible economic policy to attract foreign investors. Very soon, sustainable rules and regulations will be implemented. Investors from abroad will be encouraged to take part in Myanmar's trade and commerce," he added.

The delegation left for Monywa, a city in the Sagaing Division of Myanmar, about 136 km northwest of Mandalay on the eastern banks of the Chindwin river, sources informed.