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Mizzima: Indian companies still to
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Indian companies still to have a foot in Burma
August 18, 2001
Mizzima News Group (www.mizzima.com)
Despite the active efforts of some business groups in India,
Indian big business is still to go to Burma because they are yet to be
confident that their business would not be "nationalized" in future, an
experience that many of their country fellowmen faced in the 1960s.
For some years now, a Mumbai-based Indo-Myanmar Chamber of Commerce &
Industries has been actively lobbying both governments for the promoting
of bilateral business and Indian investments in Burma. Recently, an
Indian think thank, the Bengal Initiative, comprising of industrialists,
businessmen, academicians and social workers visited the military-rule
Burma on a track II diplomacy but with an aim for the increase of
business relationship between the two neighboring countries. However,
the results are yet to come out.
According to an Indian business study, Burma offers opportunity for a
wide range of Indian products such as iron and steel products, drug &
pharmaceuticals, agro-chemicals, cotton garments, construction
materials, auto components, software, machinery and spare parts.
But, until now, Indian goods have not placed themselves between cheap
and ample Chinese goods and neat and small Japanese and Singapore goods
in the Burmese markets.
A car tyre businessman from Mandalay said that he has been trying to get
the representative job particularly from Indian companies but he is
getting no where as the Indian business persons are not certain about
the political uncertainties in Burma.
"Chinese tyres are cheaper than the Indian tyres in Burma. But, quality
of Indian tyres is much higher than the Chinese ones. It is four times
better than the Chinese tyres in quality", he said. "But, we cannot get
Indian tyres easily in Burma while we get Chinese tyres everywhere.
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<center><b><font color="#3333FF"><font size=+2>Indian companies still to
have a foot in Burma</font></font></b></center>
<p><i><font color="#FF0000"><font size=+1>August 18, 2001</font></font></i>
<br><i><font color="#FF0000"><font size=+1>Mizzima News Group <a href="http://www.mizzima.com";>(www.mizzima.com)</a></font></font></i>
<p><font size=+1>
Despite the active efforts of some business groups in India, Indian big
business is still to go to Burma because they are yet to be confident that
their business would not be "nationalized" in future, an experience that
many of their country fellowmen faced in the 1960s.</font>
<p><font size=+1>For some years now, a Mumbai-based Indo-Myanmar Chamber
of Commerce & Industries has been actively lobbying both governments
for the promoting of bilateral business and Indian investments in Burma.
Recently, an Indian think thank, the Bengal Initiative, comprising of industrialists,
businessmen, academicians and social workers visited the military-rule
Burma on a track II diplomacy but with an aim for the increase of business
relationship between the two neighboring countries. However, the results
are yet to come out.</font>
<p><font size=+1>According to an Indian business study, Burma offers opportunity
for a wide range of Indian products such as iron and steel products, drug
& pharmaceuticals, agro-chemicals, cotton garments, construction materials,
auto components, software, machinery and spare parts.</font>
<p><font size=+1>But, until now, Indian goods have not placed themselves
between cheap and ample Chinese goods and neat and small Japanese and Singapore
goods in the Burmese markets.</font>
<p><font size=+1>A car tyre businessman from Mandalay said that he has
been trying to get the representative job particularly from Indian companies
but he is getting no where as the Indian business persons are not certain
about the political uncertainties in Burma.</font>
<p><font size=+1>"Chinese tyres are cheaper than the Indian tyres in Burma.
But, quality of Indian tyres is much higher than the Chinese ones. It is
four times better than the Chinese tyres in quality", he said. "But, we
cannot get Indian tyres easily in Burma while we get Chinese tyres everywhere.</font>
<p> </html>
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