New Delhi February 06: The Commerce and Industry Minister Smt. Nirmala Sitharaman in a written reply in Lok Sabha today. Said that the objectives of Act East Policy includes deepening of economic cooperation and expanding trade with countries in the Asia-Pacific Region. The process facilitates bilateral trade from North-East also.
Total estimated trade as provided by Department of Revenue between India and Myanmar through the North-East has grown from Rs. 7752.72 lakhs to Rs. 14452.26 lakhs between 2013-14 and 2015-16.Some of the steps taken for promoting trade from the North-East region, particularly to Myanmar.
The steps taken by the central Government are, shifting from barter trade to normal trade; expansion to all tradeable commodities, increasing trade through sea route by harnessing the proposed Kaladan Multi Modal Transit Transport Facility, Better land connectivity through India-Myanmar-Thailand Trilateral Highway.
Others steps taken are in improving the land connectivity on Indian side through widening of the Imphal – Moreh road. Comprehensive Telecom Development Plan for North-East, Initiation of better banking facility. Expansion of rail network in the region, Land Customs Stations at Moreh, Zokhawthar and Champhai, Establishment of borderhaats, Integrated Check Post at Moreh. This information was given by the Commerce and Industry Minister Smt. Nirmala Sitharaman in a written reply in Lok Sabha today.
