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India
Inks MoU to Develop Rlys for Myanmar
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India
and Myanmar signed an MoU for the
development of Myanmar Railways here
today. Under the MoU, the government
of India will make available a line
of credit of $56.358 million to the
government of the Union of Myanmar
for augmenting the Myanmar Railways.
It will be operationalised through
a separate agreement between EXIM
Bank Of India and the Myanmar Foreign
Trade Bank. RITES will supply a package
of 10 1,350 HP locomotives, 48 passenger
coaches and capital spares of the
total value of $28 million. The objective
is to improve passenger services on
the Yangon-Mandalay trunk line and
upgradation of tracks, signalling
and communication systems and maintenance
facilities on the Myanmar Railways.
Myanmar has 4,525 km of railway lines.
RITES has been associated with the
Myanmar Railways for a long time.
Indian Railways have supplied 68 metre
gauge coaches to the Myanmar Railways
during mid-1960s, 10 in-service metre
gauge diesel electric locomotives,
along with two years' spares and high
and very high frequency communication
equipment. The MoU was signed in the
presence of minister of state for
railways R Velu, and minister for
rail transportation, Union of Myanmar,
and leader of the nine-member visiting
team H E Maj Gen Aung Min at a special
function.
Courtesy:
The Economic Times, July 29, 2004
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India
takes up Farm Issues at WTO
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India
renewed demands for greater access
and lower subsidies in developed markets
at the WTO in Geneva, even as the
United States has ruled out a deal
for the ''sake of it''. Minister for
Commerce and Industry Kamal Nath said
in a statement on Wednesday that the
draft text of the framework agreement
being debated would be unacceptable
without addressing India's concerns,
specially in agriculture. While India
pressed for ''discipline'' in ensuring
agriculture subsidy fall, Zoellick
had also said in a statement on Monday
that access to developing markets
was a non-negotiable deliverable from
the proposed framework. ''To live
up to the promise of Doha, there must
be substantial new openings for trade
in agriculture, goods and services,''
Andrew Zoellick, who has also met
with West African nations - Benin,
Burkino Faso, Chad and Mali - on issues
in cotton trade said in a statement.
Courtesy:
The Indian Express, July 29, 2004
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