TODAY -
India to provide $500mn line of credit to Myanmar
The Telegraph | Nay Pyi Taw, May 28 (PTI):
India on Monday announced it will provide a 500 million-dollar line of credit to Myanmar as the two countries signed 12 agreements on a range of sectors, including air services, beginning a “new journey” of bilateral cooperation.
A Memorandum of Understanding for India's 500 million dollar credit line was signed between Export-Import Bank of India and Myanmar Foreign Trade Bank.
The two countries also signed an air services agreement and an MoU on establishment of a joint trade and investment forum and setting up of border trade centres across the border of India and Myanmar.
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* This Post is uploaded on May 28, 2012
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