Partnership call to CLMV

*Sitharaman addressing at the 4th India-CLMV Business Conclave.*

The governments and business communities of Cambodia, Laos, Myanmar and Vietnam (CLMV) have been invited to actively partner in India’s initiative to strengthen manufacturing capacities,

The call was made by #Commerce and Industry Minister #Nirmala Sitharaman at a #Business Conclave with CLMV in Jaipur on 27 Feb 2017.

There is a good scope in India for improving trade in sectors like health and well-being, manufacturing, agriculture, fisheries, skilling among others, said Sitharaman.

India’s trade with the CLMV countries have grown to US$10 billion over the past 10 years from US$1.5 billion.

India will be able to partner in more trade initiatives with these countries to develop a strong India-CLMV vertical within the ASEAN market.

The Minister indicated that there are clear verticals for India to facilitate trade with these countries like, organic agriculture produce from Myanmar, value added products from coffee & pepper produce of Vietnam, two & three-wheeler exports to Laos.

She highlighted India’s abilities in agriculture, fisheries, aquaculture, skilling, solar and wind energy.

The minister also announced an exhibition to be held by India in Myanmar 28-19 March 2017. fii-news.com