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Exim Bank opens office in Myanmar

Last Updated 10 September 2013, 16:30 IST

 Export-Import Bank of India (Exim Bank) opened a representative office in Yangon, Myanmar, a move that is likely to boost bilateral trade between the two countries.

This is the eighth overseas regional office of the government-run premier export finance institution, Exim Bank Chairman and Managing Director T C A Ranganathan said in a statement here on Tuesday.

Speaking at the inauguration, Indian Ambassador to Myanmar Gautam Mukhopadhaya expressed the hope that Exim Bank’s presence in the neighbouring country would further boost and facilitate bilateral trade and investment relations apart from contributing to Myanmar’s developmental endeavours.

The statement quoted Yangon Chief Minister U Myint Swe saying Myanmar presents a plethora of opportunities for collaboration to partner Asian countries like India.

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(Published 10 September 2013, 16:30 IST)

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