India's trade with Myanmar more than doubled in the last seven years. In 2013-14 total trade has crossed USD 2 billion with exports at USD 787.01 million and imports at USD 1.395 billion. The economic engagement between Myanmar and India has gained momentum in the last few years and trade relations between the two countries have witnessed a steady growth.

Over 80 companies from India will participate in the India-Myanmar Trade & Investment Show at Tatmadaw Hall in Yangon, Myanmar from September 24-27, 2014. Some of these companies are Larsen & Toubro, Thermax, Kirloskar Electric Co, Finolex Cables, Encyclopaedia Britannica India, Borosil Glass Works, Bry-Air (Asia), VLCC Personal Care and Zee Laboratories. The show is being organized by FICCI with support from the Ministry of Commerce, Government of India and The Indian Embassy in Myanmar.

The trade exhibition is an ideal platform to showcase India's capabilities, products & services and to explore opportunities for joint ventures, technology transfer & marketing tie-ups. With new investment laws and liberalized trade regime in Myanmar, India Product Show, offers an opportunity to Indian businessmen to expand trade and investment relations with Myanmar.

The focus sectors during the trade show would be agriculture & food industry, automobile, engineering & infrastructure, pharmaceuticals & healthcare, travel & tourism and consumer products. Till date, the trade balance is heavily in Myanmar's favour. India accounts for a sizeable share in Myanmar's imports of pharmaceutical products (37%), essential oil, perfumes, and cosmetics (6.6%), rubber and articles (6.2%), articles of iron or steel (5.6%), cotton (5.6%), and iron and steel (5.5%). India's share in the other major import items of Myanmar continues to remain marginal, which highlights the potential for enhancing such exports to Myanmar.

Myanmar imports only 3% of its total imports from India. There is substantial scope for India to diversify the trade basket.