<p>India today announced it will provide a 500 million-dollar line of credit to Myanmar as the two countries signed agreements on a range of sectors, including air services, beginning a ''new journey'' of bilateral cooperation.<br /><br /></p>.<p>On the first visit by an Indian Prime Minister to Myanmar in quarter of a century, Manmohan Singh held "broad-ranging" discussions with Myanmar President Thein Sein on a road map for bilateral cooperation and said New Delhi was committed to Myanmar's economic development.<br />A Memorandum of Understanding for India's 500 million dollar credit line was signed between Export-Import Bank of India and Myanmar Foreign Trade Bank. The line of credit was agreed upon in October last year when the Myanmar President had visited New Delhi.<br /><br />The two countries also signed an air services agreement and an MoU on establishment of a joint trade and investment forum and setting up of border trade centres across the border of India and Myanmar.<br /><br />The Prime Minister told Thein Sein that connectivity remains a major thrust area in India-Myanmar relations while capacity-building in Myanmar was a major priority for India's development assistance to this country. India pledged to double the training slots of Myanmarese personnel in India.<br /><br />"We have embarked on a new journey of bilateral cooperation", Singh told Thein Sein, adding "we are committed to strengthening our economic and development partnership."<br />Singh told President Sein that India was ready to share with Myanmar its experience of Parliamentary democracy and "we wish you all success in your nation-building efforts and changes you are bringing about," according to MEA spokesman Syed Akbaruddin.</p>
<p>India today announced it will provide a 500 million-dollar line of credit to Myanmar as the two countries signed agreements on a range of sectors, including air services, beginning a ''new journey'' of bilateral cooperation.<br /><br /></p>.<p>On the first visit by an Indian Prime Minister to Myanmar in quarter of a century, Manmohan Singh held "broad-ranging" discussions with Myanmar President Thein Sein on a road map for bilateral cooperation and said New Delhi was committed to Myanmar's economic development.<br />A Memorandum of Understanding for India's 500 million dollar credit line was signed between Export-Import Bank of India and Myanmar Foreign Trade Bank. The line of credit was agreed upon in October last year when the Myanmar President had visited New Delhi.<br /><br />The two countries also signed an air services agreement and an MoU on establishment of a joint trade and investment forum and setting up of border trade centres across the border of India and Myanmar.<br /><br />The Prime Minister told Thein Sein that connectivity remains a major thrust area in India-Myanmar relations while capacity-building in Myanmar was a major priority for India's development assistance to this country. India pledged to double the training slots of Myanmarese personnel in India.<br /><br />"We have embarked on a new journey of bilateral cooperation", Singh told Thein Sein, adding "we are committed to strengthening our economic and development partnership."<br />Singh told President Sein that India was ready to share with Myanmar its experience of Parliamentary democracy and "we wish you all success in your nation-building efforts and changes you are bringing about," according to MEA spokesman Syed Akbaruddin.</p>
