- Effects of liberalization on the economy, changes in industrial policy and their effects on industrial growth.
- Bilateral, regional and global groupings and agreements involving India and/or affecting India’s interests.
India – Myanmar – Thailand Trilateral Highway
The 1360 kms long India-Myanmar-Thailand Trilateral Highway is an initiative pertaining to India, Myanmar and Thailand. India is undertaking construction of two sections of the Trilateral Highway in Myanmar namely,
- Construction of 120.74 KM Kalewa-Yagyi road section, and
- Construction of 69 bridges along with the approach road on the 149.70 KM Tamu-Kyigone-Kalewa (TKK) road section.
Both these sections were awarded on Engineering, Procurement and Construction mode in May 2018 for Kalewa-Yagyi section and November 2017 for the TKK section. The scheduled time for completion of both the projects is three years from the date of commencement at the project site by the executing agency.
The above mentioned projects are funded by Government of India under Grant Assistance to the Government of Myanmar.
A Motor Vehicles Agreement along with protocols for regulating and facilitating movement of cargo and passenger vehicular traffic is under inter-governmental negotiations between India, Myanmar and Thailand.
The India-Myanmar-Thailand Trilateral Highway is a highway under construction under India’s Look East Policy that will connect Moreh, India with Mae Sot, Thailand via Myanmar.
The road will boost the trade and commerce in the ASEAN-India Free Trade Area, and with the rest of Southeast Asia. India has also proposed extending the highway to Cambodia, Laos and Vietnam.
- India’s Look East Policy is an effort being made by the Indian government to cultivate and strengthen economic and strategic relations with the nations of Southeast Asia in order to solidify its standing as a regional power.
- This policy also serves to position India as a counterweight to the strategic influence of the People’s Republic of China in the region.
Commerce with South and East Asian nations accounts for almost 45% of India’s foreign trade. Myanmar and ASEAN nations are part of India’s Look East Policy.