TODAY -
India unveils $500 mn for Myanmar, to expand security ties
Assam Tribune | New Delhi Oct 14 (IANS):
In a major diplomatic initiative, India Friday unveiled $500 million for a host of developmental projects for Myanmar and decided to expand security cooperation with the energy-rich Southeast Asian nation that also enjoys close ties with Beijing.
"The two leaders reiterated the assurance that the territory of either would not be allowed for activities inimical to the other and resolved not to allow their respective territory to be used for training, sanctuary and other operations by terrorist and insurgent organizations and their operatives," said the joint statement.
The two sides decided to speed up the construction of India-aided $120 million Sittwe deep water port with a view to making it operational by June 2013.
The port, when completed, will act as a trade gateway for India's northeastern states to Southeast Asia by allowing cargo vessels from India's landlocked state Mizoram to navigate the the Kaladan River and connects them to Myanmar and the East Asia region.
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* This Post is uploaded on October 14 2011
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