India, Myanmar sign MoU for 60 million US Dollars credit line

July 27th, 2010 - 9:35 pm ICT by ANI  

New Delhi, July 27 (ANI): India and Myanmar on Tuesday singed a Memorandum of Understanding (MoU) for the creation of a Line of Credit of 60 million US Dollars.

The MoU was signed between the EXIM Bank of India and the Myanmar Foreign Trade Bank here today.

A delegation from Myanmar comprising of the Ministers of Commerce, National Planning and Economic Development, and Science and Technology witnessed the signing of the agreement.

The delegation invited the Indian private sector to invest and participate in the process of national development of Myanmar.

It also stressed on the need to enhance the business and trade ties between the two nations. (ANI)

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