July 27, 2010 2:14 PM

printer

Myanmar to ink a slew of pacts with India

Terrorism, drug trafficking, money laundering and smuggling of arms and explosives will be the focus of discussions between the Myanmar's Chairman of the Peace and Development Council, General Than Shwe and the Prime Minister Dr. Manmohan Singh later this evening. Mr. Than Shwe reached in New Delhi on Monday evening on a five-day visit to India after a day's halt in Gaya Bihar. The head of Council is all set to ink a slew of pacts after delegation level talks with Dr. Singh. Apart from signing a treaty on mutual legal assistance in criminal matters to combat transnational organized crime, pacts on boosting Indian investment in the energy, transport and infrastructure sectors may also be signed. AIR correspondent adds that India is likely to announce grants and lines of credit for developing power, road, railway and cross-border connectivity projects with Myanmar along the 1,645 km border between the two countries. A 60 million dollar line of credit for developing the railway sector is also on the way. It is expected that Indian investment in Myanmar's gas and energy sectors is also unveiled. India's state-run oil firms ONGC Videsh, the overseas arm of Oil and Natural Gas Corp, and GAIL have a 30 per cent stake in two gas-producing blocks in Myanmar as part of a consortium. During his stay in the capital he is holding talks with external affairs minister and leaders of the opposition in the Lok Sabha and the Rajya Sabha.

Most Read
View All arrow-right

No posts found.