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.
Source: ToI
Image Courtesy:The Myanmar Times
You may also like
-
IAF Aircraft Set Course For Exercise Eastern Bridge VII At Oman
-
India-us Working Together In Areas Like Critical Minerals, Supply Chains And Advanced Technologies: Shri Piyush Goyal
-
Defence Secretary to co-chair 5th India-Philippines Joint Defence Cooperation Committee meeting in Manila
-
2nd India-Japan Finance Dialogue held in Tokyo on 6th September, 2024
-
Prime Minister, Shri Narendra Modi welcomes Crown Prince of Abu Dhabi
