Doing Business in Myanmar for Indian Companies
India is the tenth most active investor in Myanmar, with 25 approved projects totalling USD 740 million. India investments have increased lately, including the opening of a Yangon branch by the State Bank of India. Trade is also expected to increase in 2017 with the completion of transport and infrastructure projects that will enhance the movement of goods between India and Myanmar.
There are many opportunities for Indian investors in Myanmar, particularly in sectors such as power and renewable energy, agriculture, IT and engineering, automotive, construction, textiles, healthcare and banking and finance. This quick guide to Doing Business in Myanmar for Indian Companies addresses issues that concern corporations planning to tap this emerging market, such as land ownership, tax incentives, anti-money laundering and anti-corruption.