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India, Myanmar ink a dozen agreements
Monday May 28, 2012 01:02:42 PM,
IANS
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Nay Pyi Taw: India and
Myanmar Monday signed 12 agreements, including on a $500 million
credit line, border area development and air services.
The agreements were signed after Prime Minister Manmohan Singh
held wide-ranging talks with President Thein Sein at Myanmar's new
capital.
A memorandum of understanding (MoU) was signed on a $500 million
credit line between Export-Import Bank of India and the Myanmar
Foreign Trade Bank.
Both countries also signed pacts on India-Myanmar border area
development and an air services agreement.
There were MoUs for setting up the Myanmar Institute of
Information Technology and the Advance Centre for Agriculture
Research and Education, Yezin Agriculture University.
A rice bio park, establishing border haats and setting up a joint
trade and investment forum were covered as well.
There will also be a cultural exchange programme for 2012-15.
India and Myanmar entered into an agreement of cooperation between
the Institute of Defence Studies and Analyses (IDSA) and the
Myanmar Institute of Strategic and International Studies (MISIS).
Besides, there were pacts between Calcutta University and Dagon
University, Yangon, and between the Indian Council of World
Affairs (ICWA) and MISIS.
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