Global India business forum presented honorary membership to H.E.Moe Kyaw Aung Ambassador
Extraordinary & Plenipotentiary Embassy of the Republic of the Union of Myanmar.
Ambassador and Consul General
INDIA - MYANMAR BUSINESS & CULTURAL COUNCIL
Global India business forum presented honorary membership to H.E.Moe Kyaw Aung Ambassador Extraordinary
& Plenipotentiary Embassy of the Republic of the Union of Myanmar. We had a fruitful discussion to
collaborate GIBF and Myanmar to explore different business opportunities and trade between two
countries. Global President- GIBF Dr. Jitendra Joshi and Director - Global Operations Deepali Gadkari
attend the meeting.
Oil and natural gas, vegetables, wood, fish, clothing, rubber and fruits.
Fuel, vegetable oil, vehicles, pharmaceutical products, construction equipment,
polymers, tires and machinery.
ABOUT
ABOUT MYANMAR
Myanmar (formerly Burma) is a Southeast Asian nation of more than 100 ethnic groups,
bordering India, Bangladesh, China, Laos and Thailand. Yangon (formerly Rangoon), the
country's largest city, is home to bustling markets, numerous parks and lakes, and the
towering, gilded Shwedagon Pagoda, which contains Buddhist relics and dates to the 6th
century.
BUSINESS OPPORTUNITIES
BUSINESS OPPORTUNITIES IN MYANMAR
Myanmar has ample opportunities for those who want to expand their businesses to Southeast Asia.
The law for foreign ownership is also a major attraction for businesses outside the country.
There is 100% foreign ownership
in non-restricted sectors and an increase in land lease duration. In addition, foreign investors
get corporate income tax exemption for three years at a minimum. They also get and exemption
from or reduction of taxes on imported capital goods and raw materials.
The following are some of the sectors that foreign investors can explore -
Agriculture, Aquaculture and fisheries, Urbanization, Tourism and hospitality, Power sector
Oil and gas, Mining, Manufacturing, Infrastructure, Telecom, Banking
EXPORTS AND IMPORTS IN MYANMAR
In 2020, Myanmar was the number 67 economy in the world in terms of GDP (current US$),
the number 69 in total exports, the number 69 in total imports, the number 161 economy
in terms of GDP per capita (current US$) and the number 110 most complex economy
according to the Economic Complexity Index (ECI).
TOP EXPORTS OF MYANMAR
Myanmars major exports are petroleum gas ($2.99B), rice ($1.15B), non-knit womens coats
($984M), refined copper ($974M), and dried legumes ($894M) to China ($5.37B), Thailand
($2.75B), Japan ($1.45B), Germany ($1.31B), and United States ($1.14B).
TOP IMPORTS OF MYANMAR
The country mainly imports refined petroleum ($2.28B), broadcasting equipment ($735M),
palm oil ($656M), heavy synthetic cotton fabrics ($611M), and motorcycles ($544M) from
China ($11.4B), Thailand ($3.83B), Singapore ($2.67B), Indonesia ($1.11B), and India
($871M).
