MoU signed between India & Myanmar with $500 mn credit line for Myanmar

28th May 2012  

MoU inked b/w the EXIM bank of India and Myanmar Foreign Trade Bank 

MoU on:

• Border area development
• Setting up Myanmar Institute of Information Technology
• Setting up Advance Centre for Agricultural Research and Education at Yezin Agriculture University.
• Establishing Rice Bio Park

• Establishing of border haats across the border between the two countries
• Cooperation b/w Indian council of world affairs and Myanmar institute of strategic and international Studies.
• Kolkata University and Dagon University Yangon to collaborate on higher studies and research.
• India and Myanmar will also launch bus service from Imphal to Mandalay.
• Nay Pyi Taw is the new capital of Myanmar, earlier it was Rangoon