New Delhi, Dec 14 (KNN) President Ram Nath Kovind inaugurated Fifth Enterprise India exhibition bringing in the best of Indian products, services, innovation and know-how to business partners, start-ups, incubators and customers in Myanmar.

Speaking on the occasion, the President said that Myanmar and India are close neighbours but our trade and investment partnership is modest.

However, there are many opportunities before us to expand trade, forge joint ventures and invest in each other’s growth and development,  he said.

The President said the Indian growth story has much to offer Myanmar in terms of infrastructure, cutting-edge products and services and digitally-driven choices – from fintech to biotech.

He noted that Myanmar is rich in human and natural resources.

If the right regulatory environment is put in place, especially in the fields of energy, telecom, banking, insurance and healthcare, there is every reason for investment to flow in.

In this regard, he said the creation of a separate Ministry of Investment and Foreign Economic Relations in Myanmar is a welcome step.

He commended the efforts of the Confederation of Indian Industry and the Union of Myanmar Federation of Chambers of Commerce in hosting the Show.