OPPORTUNITIES: Why Myanmar Companies & Investors Should Invest in India?
Myanmar FDI in India, and Myanmar Businesses in India → from the historic Golden Era to the New Era of Prosperity in Myanmar and the Bay of Bengal Region: BIMSTEC.
Many regions in India offers an ideal business environment — in many ways much similar to Myanmar — to set-up businesses, gain the experience in manufacturing and doing business which can be used in Myanmar when time is more appropriate for industrialization in Myanmar.
Invest India
Why Myanmar Companies and Investors Should Invest and expand business in India?
Myanmar companies and investors for sure will explore international opportunities, while Myanmar prepares for better times for doing business, industrialization, manufacturing and export-import businesses. Also, Myanmar businesses need to ensure a more stable and lowest-priced supply chain to fulfill the demands for good quality products and services of over 54 million people in Myanmar.
Myanmar companies also need to explore how to gain international business experience across industries, train more Myanmar people and develop global business connections which can be directly used in Myanmar.
Many regions in India offers an ideal business environment — in many ways much similar to Myanmar — to set-up businesses, gain the experience in manufacturing and doing business across industries which can be used in Myanmar when time is more appropriate for industrialization in Myanmar.
Myanmar and India are not only close neighbors but also have business, religious, cultural and educational ties over centuries. Until just a few decades ago, Yangon (Rangoon) and Kolkata (Calcutta) had the best inter-connectivity in the region in every spheres of life.
Rangoon College & Calcutta University
![History of the University of Yangon — Rangoon College & Calcutta University [ Screenshot of Google Search Information, dated 09 January 2022 ] — Dr. Madhab Paul](https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2be55086-c76c-4bb4-9d75-defd04a74288_700x364.png "History of the University of Yangon — Rangoon College & Calcutta University [ Screenshot of Google Search Information, dated 09 January 2022 ] — Dr. Madhab Paul")
The University of Yangon
“Established in 1878 as an affiliated college of the University of Calcutta, the Rangoon College was operated and managed by the Education Syndicate set up by the British colonial administration.” — Wikipedia
In view of the glorious history and established feasibility of “India-Myanmar business via Kolkata”, The West Bengal State Government in cooperation with the Central Govt. of India, can multiply Indian efforts to renew the historical bond with Myanmar and support Myanmar companies and investors to set-up business in India and help them expand business connectivity internationally.
India the Pharmacy of the World, and Journey began in Bengal: Bengal Chemical & Pharmaceutical Works
“Bengal Chemical & Pharmaceutical Works Ltd. (BCPW) — established by Acharya Sir Prafulla Chandra Ray — was the first Indian Company for production of quality Drugs & Pharmaceuticals, Chemicals and Home Products with indigenous technology with the objective of fostering a spirit of entrepreneurship …”
The first Indian Company for production of quality Drugs & Pharmaceuticals, Chemicals and Home Products:
Bengal Chemical & Pharmaceutical Works Ltd. (BCPW), established by Professor Prafulla Chandra Ray.
Acharya Sir Prafulla Chandra Ray, CIE, FNI, FRASB, FIAS, FCS was an eminent Bengali chemist, educationist, historian, industrialist and philanthropist. He established the first modern Indian research school in chemistry and is regarded as the father of chemical science in India. — Wikipedia
The tradition and business continues over centuries!
From initial venture with Drugs & Pharmaceuticals, the Company gradually expanded and diversified into wide range of product lines. Industrial Chemicals, Bulk Drugs, Perfumeries, Cosmetics, Toiletries, Hospital & Surgical Equipment, Fire Extinguisher etc. were some of the products, besides horizontal and vertical integration of its Chemical and Pharmaceutical product ranges.
— Bengal Chemicals & Pharmaceuticals Limited (the present name of the company established by Professor Roy).
Federal Governance in India
Under the federal Indian governance system, Indian States certainly have an important role to play in India’s business environment.
Why Set-up Business in Bengal for FDI in India?
Over the past decades, some Indian states have progressed at an higher space than the other states. In the past decades, the industrialization and development in West Bengal lagged behind it’s past glory.
However, West Bengal has progressed significantly in other parameters of societal development compared to many other states in India. And Bengal is expected to catch-up with the entrepreneurship and business. That opens up possible opportunities for setting up new businesses in West Bengal, to invest in India and for doing business in India.
The advances in “Indian pharma, medical and healthcare sectors” certainly presents good opportunities for investment (FDI), startup, R&D, technical collaborations and mergers & acquisitions in Indian Pharma, Medical and Healthcare industries. Bengal was the pioneer in pharma, medical and healthcare sectors in India.
PM Modi’s remarks at World Economic Forum, Davos 2022
The “best time” to invest in India
While addressing World Economic Forum virtually, Indian Prime Minister Narendra Modi declared that India has given a “bouquet of hope” to the world, and listed a comprehensive set of economic reforms — “deep economic reforms” — initiated by his government in recent years and called it the “best time” to invest in India.
PM Modi said, “The entrepreneurship spirit that Indians have, the ability to adopt new technology, can give new energy to each of our global partners. That’s why this is the best time to invest in India.”
Reference: Youtube Channel of PM Shri Narendra Modi
Opportunities in Indian Pharma, Medical and Healthcare
The advances in Indian Pharma-healthcare sectors, now, offers better opportunities for startup, research and development, technical collaborations, investment and mergers & acquisitions in Indian Pharma, Medical and Healthcare.
The Bengal Connection
Bengal Chemical & Pharmaceutical Works Ltd. (BCPW) — now renamed as, Bengal Chemicals & Pharmaceuticals Limited — was the first Indian Company established in Kolkata (Calcutta) to promote entrepreneurship and create jobs, and for India’s self reliance.
India the Pharmacy of the World.
And the journey began in Bengal on 12 April 1901, over 120 years ago, with Bengal Chemical & Pharmaceutical Works established by Sir Prafulla Chandra Ray.
And the “Tradition” continues over the centuries.
“The best time to invest in India” — PM Modi
Welcome to India.
India and Myanmar Economic Relation
The bond between India and Myanmar spans over centuries and is multifaceted. We can write about “Burma/Myanmar — India” Economic Relation in 100s of pages.
It’s time now, to build back and make the India-Myanmar economic relationship stronger, as well as, rebuild educational and cultural ties better.
And we have many opportunities and platforms to get together, discuss and start working.
Bengal Global Business Summit
The upcoming Bengal Global Business Summit and many other forums can be the catalyst for growing India-Myanmar Investment & Trade Relations stronger.
Timing Matters. Need to plan and interact to make things move towards positive direction.
The Bengal Global Investment Summit — which is scheduled to be held in Kolkata, West Bengal — can be a good forum for Myanmar companies and investors to interact with “Indian companies, investors and policy makers”, as well as, international business delegations and diplomats who will be attending the event in Kolkata.
Myanmar’s Investment In Foreign Countries
It’s not possible to estimate the “quantum of Myanmar’s investment abroad” because of the lack of decades-old formal and published records of the Myanmar Investors’ investment in foreign countries. As well as, over the decades, many Myanmar HNWI and their descendants may have changed their nationality — which is the case with many Indians and other nationals.
Many people in India and other countries — except a few ASIAN countries, including Singapore — are not properly aware of the quantum of Myanmar’ Investment in foreign countries.
Singapore has been the biggest beneficiary of “Myanmar’s Investment” over the past decades. Now Myanmar investors most likely to maximize their options with the opportunities elsewhere and changing global ‘political & financial’ landscape.
Why Explore Opportunities in India?
The Myanmar investors community — who has strong business interests in Myanmar — would always like to invest, grow and gain experience in a friendly neighboring country so that they can also support and grow their businesses in Myanmar.
And this is why now India can offer one of the best opportunities for Myanmar companies and investors to invest. In India, they can manufacture goods to be imported in Myanmar and gain industry expertise to bring back to Myanmar in the future.
It’s time now for Indian politicians and businesses to look at Myanmar not just as a destination country to invest and export goods, but also as a source country for “money and resources” to be invested in India for better “Myanmar-India” relationship, centered around the needs of Myanmar and Myanmar businesses in the coming years.
The Unexplored or Undervalued Opportunities
There are many areas of “India — Myanmar Relationship” in business and development which have high potential and till date remains either unexplored or undervalued.
The positive aspect of this present time is every opportunity — possible projects, investments, and trade cooperation between India and Myanmar — likely to be reanalyzed and calibrated for good business.
Myanmar businesses need to be proactive and explore uncharted territories for business expansion, growth and building back Myanmar to it’s past glory — the Golden Myanmar.
MiTA & Dr. Madhab Paul : https://mitaservices.com | Plan-Act-Lead : PALMiTA excellence since 2009. Dr. Madhab registered his own business MiTA as a “corporate legal entity — company” first in 2009.
Journey continues as we expand, rename our “corporate legal entity”, and relocate our businesses. We will reopen for business in 2023. দুগ্গা দুগ্গা
MiTA is for ISBC: International Strategic Business Concepts!!
MiTA CSR projects — primarily doing research, spreading awareness and connecting people via “International Conferences, Exhibitions & Award Ceremonies” — will continue.
BIMSTEC is Real
Agree or disagree, BIMSTEC is Real — and it’s a fact based on distinct geography, cultural history, and shared common future for peace-prosperity.
BIMSTEC came into being on 6 June 1997 through the Bangkok Declaration;
ASEAN was established on 8 August 1967 in Bangkok, Thailand; and
The Leaders foresaw the real need of BIMSTEC within 30 years of founding ASEAN.
BIMSTEC Economic Region will be the “future redevelopment” for better equitable regional peace-prosperity. And Redevelopment means progress towards a new way of better future life.
Global Strategic Business & Advantage Myanmar: Pristine Opportunities!
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श्रीमाधव पाल : Dr. Madhab Paul, PhD : https://madhabpaul.com