SPEED NEWS

India, Myanmar ink 3 agreements in power, banking and insurance sectors

Speed News Desk | First published: 19 October 2016, 15:38 IST
Suu-Kyi-Modi-MEA-Twitter
Photo: MEA | Twitter

India and Myanmar on 19 October signed three agreements following delegation-level talks headed by Prime Minister Narendra Modi and the southeast Asian nation's State Counsellor and Foreign Minister, Aung San Suu Kyi.

"#IndiaMyanmar: Partners in Progress - The two leaders witness exchange of agreements in sectors of power, banking and insurance," External Affairs Ministry spokesperson Vikas Swarup tweeted.

One memorandum of understanding (MoU) was signed on cooperation in the power sector.

A second MoU was signed on banking supervision between the Reserve Bank of India and the Central Bank of Myanmar while a third MoU was inked for designing an academic and professional building programme for the insurance industry of Myanmar.

Suu Kyi met PM Modi on the third and concluding day of her state visit to India.

On Tuesday, she met President Pranab Mukherjee and External Affairs Minister Sushma Swaraj.

 
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