Jan 8, An inland water transport jetty has already been constructed by India at Sittwe.
The whole process takes approximately three months. The agreement is valid for 10 years and will automatically be extended until Myanmar or India give a written notice to the other party to terminate and the agreement, and even then it will still be valid for one year starting from the date of receipt of such notice.
In general, the RPPIAI covers the promotion and protection of investment, repatriation, and provides a dispute settlement mechanism.
Basically, investment shall be treated fairly and equitably and shall not be expropriated except under specific conditions. In case of expropriation, compensation payments would be required.
Indian investors have the right to be treated just as if they were Burmese investors, or investors from other countries.
Furthermore, in accordance with the Framework Agreement on Comprehensive Economic Cooperation between the Republic of India and the Association of Southeast Asian Nations, investment shall be treated fairly and equitably and offered full protection and security.
Under MIL, depending on the respective zone, corporate income tax can be exempted, however, it will only be granted with the approval of MIC based on their discretionary power.
Period of Corporate Income Tax Exemption Zone 1 most developed areas 3 years Zone 2 moderate developed areas 5 years Zone 3 least developed areas 7 years Under the SEZL, a company can get a corporate income tax exemption for 5 years.
There are other benefits available under these two regimes:Doing Business subnational reports Doing Business The first report, published in , covered 5 indicator sets and economies. This year’s report covers 11 indicator sets and economies.
7 February, India is the ninth most active investor in Myanmar, with 23 approved projects totalling USD million.
India investments have increased lately, including the opening of a Yangon branch by the State Bank of India. IMPHAL: High tariff duties coupled with an increasing gap in gold prices between India and Myanmar has led to an upsurge in smuggling of the yellow metal across the international border, a report.
Doing Business records 8 reforms in India making it easier to do business. It is also the only economy in South Asia to be part of the global list of the 10 top improvers this year. It is also the only economy in South Asia to be part of the global list of the 10 top improvers this year.
Full coverage of news about Myanmar. Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people.
Nuts and Kernels Market in Myanmar: Business Report provides a complete overview of current market state issued in a comprehensive and easily accessed format.
The report includes detailed analyses of nuts and kernels market in Myanmar, information on major producers, distributing companies, and buyers.