British PM, US secretary of States, Chinese
delegations, South Korean government
trade delegation, Malaysian PM’s 50 top
officials, 21 Thailand top companies’ delegation to Myanmar and so many other
news show that ‘All Roads Lead to
Myanmar’. All these countries and many
more from all around the globe have suddenly renewed interest in improving
trade relations with Myanmar. This is mainly because they all have noticed the
emergence of true democracy in Myanmar and all those countries recognize geographical
importance and business potential of Myanmar.
Indian government is also not far behind, but they
should do so with much harder push. Traditionally and historically, Myanmar
feels closer to India than any other nation. Buddhism is the strongest link
between two nations. National epic of Myanmar ‘Yama Zatdaw’ is adaptation of
Ramayana. Land connection between North
East States, i.e. Seven Sister States of India and Myanmar is of immense
importance more to India than to Myanmar. If the road link between these states and
Myanmar is established at various points, then it would automatically lead to
the development of Manipur, Mizoram, Nagaland and Tripura. For a long time, there
has been a talk about reopening of Stilwell Road, connecting Myanmar and India. China
and Thailand already have good road links with Myanmar.
India mainly imports pulses and wood products from
Myanmar and India’s main export is meat and Pharmaceuticals. The total trade is
around 1.5 Billion $. India is capable of investing in agriculture, cattle and
poultry farming, Engineering, mining, construction and power generation. It is
the best time for India to enter into these sectors in Myanmar. Myanmar also has good potential as buyer of
weapons and military hardware and the country has been giving preference to
India over western nations. Two nations must find means of trading without
dependence on US$, Euro or Singapore $, as it is at present.
Myanmar population is nearly 60 million and GDP is $
43 billion and nearly 3% annual growth rate. Myanmar produces very high quality
sapphires, pearls, Jades and Rubies. Myanmar has huge deposits of natural gas,
so much so that India is going to invest in construction of gas pipe lines
between two nations.
The well established land link and good road
transport infrastructure will open the avenues for trade with entire Southeast
Asia having combined population of 60crs
and GDP $24000Crs. This opportunity must
be grabbed with both hands.
40 years ago, India was instrumental for birth of a
nation called Bangladesh. Today, India contributes only 12% of total Imports by
Bangladesh and India has somewhat strained relations with Bangladesh. In any case, India must show great political will and acumen so that this emerging
democracy can become very good friend, neighbor and trade partner.