With Myanmar taking steps to restore democracy, India on said this would enable increased investment from Indian companies there.
With Myanmar taking steps to restore democracy, India on Wednesday said the new path charted by it would help strengthen ties between the two countries and enable increased investment from Indian companies there.
"I have no doubt that as Myanmar continues on its new path charted out by its leaders, the strong ties between our two countries will only deepen and strengthen even further," Foreign Secretary Ranjan Mathai said at a function in Delhi.
He said as the "destinies" of the two countries are closely linked both on land and on the sea, "a new identity will be created" in the region with enhanced economic and cultural ties.
"We are conscious of the need for greater land, air and sea connectivity between our two countries to facilitate trade. But as investment climate in Myanmar improves and connectivity improves, Indian companies are bound to invest in a variety of sectors," he said.
He said Indian business companies are actively assessing opportunities in Myanmar and the Indian government was happy to collaborate with Indian business for the enterprise Indian show held in Yangon in 2011.
Stating that people-to-people contact is another area of focus with Myanmar, Mathai noted the government have extended support to Buddhist pilgrims from Myanmar and is also trying to encourage more tourist visits by extending tourist visa on arrival scheme for the nationals from the country.
"We hope to soon sign a cultural exchange programme which will systematise cultural interaction between our two countries," he said.
Mathai said the upcoming parliamentary by-elections to 48 constituencies in Myanmar "will give an inclusive character to the Parliament".
Several political parties are likely to participate in the elections.
Mathai also highlighted the increased role of Myanmar in South East Asia, which will chair Association of Southeast Asian Nations (ASEAN) in 2014.
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