Geopolitics

India extends $5 million aid to Myanmar for border development projects

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India has extended a $5 million aid to Myanmar as its assistance for development projects on the Indo-Myanmar border.

India’s Ambassador to Myanmar, Vikram Misri handed over a cheque of $5 million to Myanmar’s minister for border affairs, Lt General Ye Aung at a ceremony on Monday.

Under the 2012 Border Region Development agreement, Indian government is extending $5 million micro development assistance every year for five years for projects on India-Myanmar border.

“Friendship Project|Amb @VikramMisri handed over US$ 4.95 Million Ceremonial Cheque to Union Minister for Border Affairs, Lt. General Ye Aung as India’s assistance to Myanmar’s Border Area Development Project,” Misri tweeted.

India and Myanmar signed a Memorandum of Understanding for border development in May 2012, under which India is to provide a total of $25 million to Myanmar, divided into five tranches of $5 million each.

By: TOI

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Categories: Geopolitics

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