India, Myanmar sign 3 pacts

India, Myanmar sign 3 pacts
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Highlights

The two sides signed three agreements to boost cooperation in power, banking and insurance sectors besides deciding to step up ties in areas of oil and gas, agriculture, renewable energy and health care. Welcoming Suu Kyi, the PM described India as her second home and assured that \"India and its friendship will stand with you in full support and solidarity.\" 

New Delhi : As Myanmar embarks on a journey of democracy and development, India assured it of unstinted support as the two traditionally close neighbours agreed to enhance ties in a range of areas including security and trade during talks between PM Narendra Modi and Myanmar's top leader Aung Sung Suu Kyi.

The two sides signed three agreements to boost cooperation in power, banking and insurance sectors besides deciding to step up ties in areas of oil and gas, agriculture, renewable energy and health care. Welcoming Suu Kyi, the PM described India as her second home and assured that "India and its friendship will stand with you in full support and solidarity."

In her comments, the Myanmerese leader invoked Mahatma Gandhi and Jawaharlal Nehru and said Myanmar drew huge inspiration from the two Indian leaders in its struggle for democracy.Myanmar, considered one of India's strategic neighbours, shares a 1,640-km-long border with a number of northeastern states including militancy-hit Nagaland and Manipur.

Giving details of the talks, Modi said the two countries agreed to enhance engagement in several areas including agriculture, power, renewable energy and power sector."Let me assure you, Excellency, that as you lead Myanmar to become a modern, secure, economically prosperous and better connected nation, India and its friendship will stand with you in full support and solidarity," Modi said.

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