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Myanmar: Indian businesses in wait and watch mode to see impact of coup
A group of Myanmar activists residing in Israel hold up a portrait of ousted leader Aung San Suu Kyi as they chant slogans during a protest
(AFP)
There are about 100 Indian companies in Myanmar with investments over 1.2 billion
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NEW DELHI :
The Indian business community in Myanmar is in a “wait and watch mode though not unduly worried after the Myanmarese military detained State Counsellor Aung San Suu Kyi and seized power earlier this week.
One issue of concern is whether the coup will bring back international sanctions on the country, the last of which was lifted in 2016. Previous economic sanctions on Myanmar in the past have included cuts in financial aid, blocking access to assets and curbs on investment flows.