Under the initiative of Federation of India Chambers of Commerce and Industry (FICCI), an India –Myanmar Trade and Investment Show was organized at Tatmadaw Exhibition Hall, Yangon, Myanmar between 24th and 27th September 2014. The event was held for Indian companies to exhibit their products to explore business and partnership opportunities in Myanmar. The India prospective is not only to invest in Myanmar for trade and industries but also to utilize the 1600 km long land border to connect China and South- East Asia by developing rail and road links to connect the entire South East Asian countries. FICCI and Ministries of Commerce and Industry, Shipping etc. are planning to work together to develop a strategy for investment in Industrial corridors along the Kaladan and Assam – Mandalay region and hubs at places like Tamuh – Kaley, Shwebo – Monwa – Mingyan – Mandalay – Pakokku near Mandalay, Magwaey, Kyaukphyu – Sittwe – Ponnugyan and Pathein areas.
India’s trade with Myanmar has doubled in the recent years and has crossed $2 billion. Of Myanmar’s total imports only 3 percent comes from India, which is negligible compared to its engagement with China, Thailand, Malaysia, Vietnam and other ASEAN countries. Therefore, there is a huge opportunity to gap the trade deficit with potential export items from India as has been identified by EXIM bank. The Trad and Commerce fair was therefore, held by identifying areas of interest such as Tourism, Hospitality, Information and Communication Technology, Agriculture and Agricultural Based Food Industries, Pharmaceuticals, Skill Development, Industrial Hubs And SEZs , Industries Based on Natural Resources, Power Generation and Automobile Factories etc.