CNI News
7 October 2024
Myanmar should think about carefully economic sectors India should be invited to make the India's investments enter Myanmar, pointed out businessmen and academics.
Because India is skillful in technology, education and medicine, it should be invited for these sectors, they pointed out.
If Myanmar youths were able to learn more technologies from the India's investments, it would be beneficial to Myanmar, U Htay Aung Kyi, an economic analyst, told CNI News.
" According to my experience, Indian citizens are very good at IT. Since Windows 95 was written in Hyderabad, India, later all the rest were not written in US, but in India. I don't know how much computer universities in Myanmar can learn. But IT is not necessary for every one. We can earn a lot of money from IT. If we can produce about 1,000 IT specialists, it will be greatly beneficial to the country. India's TATA is famous for its resilience and long-lasting at a global level. Next, India's education is not left behind in the world. India is on the top list in medicine. For example, Bautongrat Hospital in Thailand is famous for its liver treatment. All the surgeons there are all Indians. That's why, joint ventures regarding technologies can be conducted with India." he said.
While seeing the description of building a bridge from the Kaladan River Project
Although India had investments on steel production and logistics in Myanmar in the past, it had a few industries. Kaladan River Project with India has been suspended due to political instabilities.
There are a few investments from India due to the political and territorial instabilities in Myanmar; however, as India has a good relations with the current Myanmar government, India's investments could enter Myanmar, pointed out businessmen.
China and India are neighboring countries of Myanmar and many tourists from these countries enter Myanmar.
Myanmar should attempt to make the two countries invest in the tourism industry and if it could do so, national income would be high, a tourism entrepreneur, told CNI News.
While the Sittwe Port was being built in March 2012
" They have enough strength to invest. If Myanmar guarantees, their investments will enter. Especially, we can earn income quickly from the tourism industry. We need full infrastructure. But the main problem is not enough safety currently. The Ngapali Beach has been closed down. Tourists haven't been able to go to Chin and Kayah States for a long time. Shan and Kachin States are not sure anymore. Inle region has faced flood disaster. The electricity is often out of order and fuel oil is so expensive that hotels have been closed. If these problems can be solved, tourism industry can be resumed easily. And then, it can promote the GDP." he said.
The Indian FM urged Myanmar to protect the Kaladan River Project, an Indian investment project, in June.
India is buying a variety of peas and beans from Myanmar each year on the basis of G to G although India's investment has been few in Myanmar.
