India plans $6-billion refinery project in Myanmar to cement ties
Live MintIndia on Monday proposed to build an ambitious $6-billion petroleum refinery project near Yangon, to firmly establish its credentials as a serious and viable development partner of Myanmar. Other highlights of the visit include presenting 3,000 vials of Remdesivir, considered as a viable option to treat covid-19 patients, to state counsellor Aung San Suu Kyi in a “symbolic move of India’s commitment to assist Myanmar in its fight against the pandemic”, he said. In January, Chinese President Xi Jinping visited Myanmar and the two countries signed a slew of pacts, including a concession and shareholder’s agreement for the Kyaukphyu Special Economic Zone off the Bay of Bengal. “This is a very bold move,” former foreign secretary Kanwal Sibal said about India’s plans to set up the refinery.
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