Embassy of IndiaYangon, Myanmar

INDIA PRODUCT SHOW 2012
PRESS RELEASE

(Date: 23.3.2012)

India Product Show 2012 was inaugurated on March 23, 2012 at UMFCCI Towers hall by H.E. U Nyan Tun Oo, Yangon Region Minister for Electric Power and Industry, H.E Dr VS Seshadri, Ambassador of India to Myanmar, U Win Aung, President of The Republic of Union of Myanmar Federation of Chamber of Commerce and Industry (UMFCCI) and Mr. GL Goenka, President of Indo-Myanmar Chamber of Commerce and Industry (IMCCI).

The Product Show is being organized by Indo-Myanmar Chamber of Commerce and Industry (IMCCI), in collaboration with Embassy of India , Yangon and supported by The Republic of Union of Myanmar Federation of Chamber of Commerce and Industry (UMFCCI) for three days from 23-25 March 2012 at UMFCCI Towers. The first day will be open to traders and businessmen. The show will be open to public on March 23-24, 2012.

A total of 19 Indian companies have displayed their products during the event. The products include consumer durables, home appliances, textiles & garments, pharma products, cosmetics and herbal products, crockery, utensils, suitcases, automobile spare parts, paint and products, medical equipment, Cattle & poultry feed, solar products, bamboo & silk products, electrical products & machinery, CNG cylinders etc. Three All India Associations namely, Cotton & Textiles Promotion Council (TEXPROCIL), India Pulses and Grains Association, All India Plastics Manufacturers Association(AIPMA) and The Solvent Extractors Association of India are also participating in the event.

India and Myanmar share close and friendly relations going back to ancient times and have been engaged in bilateral trade and commerce for centuries. According to official estimates, the trade between the two countries has grown from USD 273 mn in 1998-99 to USD 1.35 bn in 2010-11 (India’s imports 1.017 bn USD and exports 334 mn USD). This includes approximately USD 12.8 mn border trade. The main items of trade between India and Myanmar are pulses & beans, timber, pharmaceuticals, steel and iron and products, etc. During the 4th India Myanmar Joint Trade Committee Meeting, the Commerce Ministers of the two countries agreed to double the bilateral trade from USD 1.5 bn to USD 3 bn by 2015.