statesman news service
NEW DELHI, 7 JUNE: The Union minister for commerce, industry & textiles, Mr Anand Sharma, today met Mr U Myat Hein, minister for communications and information technology, Myanmar, in Nay Pyi Taw.
The two ministers discussed the selection process for telecom companies which is going on in Myanmar.
Keeping in mind the geographical contiguity and strategic interest, Mr Sharma said the bids of the shortlisted Indian companies would be considered with the seriousness it warranted.
Mr Hein said he had full faith in the capacity of Indian companies to compete in the process, which he assured, will be fully transparent and open.
The two ministers also discussed investment related issues. Mr Sharma told his Myanmarese host that both the countries have potential for future collaboration in oil and gas exploration, infrastructure, IT, pharmaceutical sector, manufacturing and education and skill development. He said that over the next few years, “we will see an investment of around $2.6 billion from India to Myanmar.”
India is the 10th largest investor in Myanmar with an investment estimated at $273.5 million.
Later in the day, Mr Sharma met Mr Jon Fredrik Baksaas, president and CEO, Telenor Group.
Mr Baksaas conveyed Telenor&’s commitment to stay engaged in India and improve its presence in India. The Telenor president also communicated his appreciation for the government&’s intervention to work out a solution for protecting the investment of telecom companies.
“This has been reassuring for Telenor and other investors,” said Mr Baksaas.