Doing Business in Myanmar for Indian Companies
India is the ninth most active investor in Myanmar, with 23 approved projects totalling USD 732 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, the lifting of US sanctions and anti-money laundering and anti-corruption.