<p>The twin factors of traditional goodwill for India and the increasing focus on promoting trade among neighbouring countries will give a boost to bilateral trade between India and Myanmar, according to the executive director of Exim Bank of India (Exim India) David Rasquinha.<br /><br /></p>.<p>“There is scope for doing business with Myanmar in many sectors, including technology, energy and infrastructure,” he said on the sidelines of a workshop organised here on Wednesday.<br /><br />India runs a trade deficit with Myanmar that stood at $520 million in 2010, according to a study by the bank. <br /><br />Rasquinha said that the government of India is actively considering $500 million line of credit to Myanmar to step up exports from India.<br /><br />It had already extended $247.4 million to Myanmar’s Myanma Foreign Trade Bank, Rasquinha said.</p>
<p>The twin factors of traditional goodwill for India and the increasing focus on promoting trade among neighbouring countries will give a boost to bilateral trade between India and Myanmar, according to the executive director of Exim Bank of India (Exim India) David Rasquinha.<br /><br /></p>.<p>“There is scope for doing business with Myanmar in many sectors, including technology, energy and infrastructure,” he said on the sidelines of a workshop organised here on Wednesday.<br /><br />India runs a trade deficit with Myanmar that stood at $520 million in 2010, according to a study by the bank. <br /><br />Rasquinha said that the government of India is actively considering $500 million line of credit to Myanmar to step up exports from India.<br /><br />It had already extended $247.4 million to Myanmar’s Myanma Foreign Trade Bank, Rasquinha said.</p>