India and Myanmar have signed three Memorandum of Understanding (MoUs) to boost bilateral relations between two neighbouring nations.
These MoUs were signed in New Delhi after delegation level talks between Prime Minister Narendra Modi with the visiting State Counsellor of Myanmar Aung San Suu Kyi.
Signed MoUs are
- MoU for designing an academic and professional building programme for insurance industry of Myanmar.
- MoU on Cooperation in the field of Power Sector. Under it India has offered to enhance power supply from Moreh in Manipur to Tamu in Myanmar.
- MoU on Banking Supervision. It was signed between Reserve Bank of India (RBI) and Central Bank of Myanmar.
Besides, India extended support to Myanmar for a better connected future. Both countries agreed to cooperate in security and strategic issues. They also agreed to enhance engagement in several areas including to develop a mutually beneficial arrangement for trade in pulses.