President U Min Aung Hlaing said that he had discussed the prospect of increasing bilateral trade to $5 billion during his meeting with the Indian Prime Minister. He made the remarks at the Myanmar-India Economic Conclave held at The Taj Mahal Palace Hotel in Mumbai, India, on the morning of June 3.
This was his first visit to India since assuming office to promote economic and trade cooperation. He also met with the Indian Prime Minister and the Indian President, and held a Myanmar-India trade and investment discussion forum in New Delhi, where he worked to promote bilateral economic ties and reached agreements, President U Min Aung Hlaing said. Under these circumstances, Indian officials can cooperate with Myanmar with confidence. In the 2025-2026 fiscal year, Myanmar’s exports reached $1.326 billion, while India’s exports were between $600 million and $800 million, according to the President.
The bilateral trade volume was just over US$2 billion, so they discussed to increase it to US$3 billion in the first phase and to increase up to US$5 billion in the second phase, when he met with the Indian Prime Minister. In addition, he expressed Myanmar’s desire to increase imports from India, particularly iron and steel, cement, pharmaceuticals, fuel oil, and solar-related equipment. At the same time, Myanmar intends to export pulses and oilseeds, fishery products, forest products, textiles and garment products, as well as rice and rubber, the President said.
