Earlier, India had extended $ 300 million line of credit for the development of railways, transport, power transmission lines, oil refinery, OFC link.

At a delegation level talks on Friday between the Prime Minister of India, Dr Manmohan Singh and the visiting President of Myanmar Thein Sein a programme of cooperation in science and technology for the period 2012-15 was signed between the two countries. Prime Minister Dr Singh India announced India's support for training of Myanmar researchers in the areas of mutual interest and twinning of Indian and Myanmar institutions under India-Myanmar Programme of Cooperation in Science and Technology.

A MoU for upgradation of the Yangon Children’s Hospital and Sittwe General Hospital was also signed between the two countries.

A joint statement was issued at the conclusion of the delegation level talks.The Myanmar side invited Indian investments in major areas of the economy.

President Sein who is leading a high level ministerial-official-business delegation arrived on October 12, visited holy Buddhist sites at Gaya, Khushinagar and Saranath and Akshardham Temple in Delhi. He was accorded a ceremonial reception at Rastrapati Bhavan by the President of India, Pratibha Devisingh Patil on Friday and President Patil hosted a banquest in honour of the visiting dignitary. President Sein will leave the country on October 15 after visiting the campus of Indian Agricultural Research Institute.

The two sides reviewed the infrastructure development and cooperation projects that are being undertaken in Myanmar with technical and financial assistance from India, including in the field of roads, waterways, power, health, education and industrial training, telecommunications.

Both sides expressed satisfaction at the implementation of the Kaladan Multi-modal Transit Transport Project, especially the port development and Inland waterways. It was decided that the road component of the project be started at the earliest, a study be undertaken on the commercial usages of the Kaladan project and necessary agreements to operationalise the route finalised. It was also decided to open an additional Land Customs Station / border trade point on the India-Myanmar border to allow for the smooth flow of goods generated by the Kaladan Project.

They reiterated their commitment for an early implementation of the Rhi-Tiddim Road Development Project with grant assistance from India. They reviewed the progress in establishing trilateral connectivity from Moreh in India to Mae Sot in Thailand via Myanmar. It was noted that substantial progress had been achieved in the preparation of a DPR for roads and causeways in Myanmar. Both sides reiterated the commitment to realize this project.

Both sides expressed their commitment to enhance cooperation in the area of agriculture. They noted that the contract for the supply of agricultural machinery under the $10 million grant assistance from India had been awarded. The Prime Minister Dr Singh announced that India would extend technical and financial support for the new projects like setting up an Advanced Centre for Agricultural Research and Education (ACARE) in Yezin and a Rice Bio Park demonstrating the various techniques in rice biomass utilisation in the Integrated Demonstration Farm at Nay Pyi Taw In Myanmar. He also announced India’s support for setting up an Information Technology Institute in Mandalay in cooperation with the Myanmar. Government.

Welcoming the successful completion of the Industrial Training Centre in Pakokku, with India’s assistance, the two sides expressed satisfaction at the progress on the setting up of another Industrial Training Centre at Myingyan with technical support from M/s HMTI. The Myanmar side expressed appreciation for India's assistance in the relief and rehabilitation efforts that followed the severe earthquake that struck North-Eastern Shan State in March 2011. It was noted that the assistance of over $ one million from India, which included assistance in the reconstruction of a high school and six primary schools in the affected area, was timely and catered to urgent requirements of the people of the area.

India and Myanmar had a bilateral trade of $ 1.28 billion in 2010-11 which was much below the potential. It was agreed to raise the level of bilateral trade to $ 3 billion by 2015. In this context, the two leaders endorsed the understanding arrived at the 4th meeting of the bilateral Joint Trade Committee that was held in New Delhi recently, and called for the expeditious implementation of decision taken, including the proposal to establish a Trade and Investment Forum at the business level, expand the basket of goods under border trade, visit of an Indian banking delegation to Myanmar to facilitate better trade and payment arrangements. The two sides also welcomed the decision to hold the 'Enterprise India' Show in Yangon on November 10-14, 2011 and urged companies on both sides to look seriously at opportunities in the other.

With a view to promoting border trade, the two sides agreed that meetings between Indian and Myanmar customs, immigration, border chambers of commerce, officials of bank branches at the border, border trade officials (Tamu and Rhi –OSS Team) and Government officials would take place at Tamu-Moreh and Rhi-Zowkhathar at regular intervals. The business representatives of the Manipur/Sagaing Region and of Mizoram/Chin State will also participate in these meetings. It was also agreed upon to consider opening up new border trading points along the border for the economic upliftment of the people of the area. Both sides agreed to consider better functioning of the existing points and to facilitate movement of people and goods between the two countries.

As power sector has been identified as a major area of cooperation, the two sides reiterated their commitment to cooperate in the implementation of the Tamanthi and Shwezaye projects on the Chindwin River Basin in Myanmar. They welcomed the successful completion of the task of updating the DPR on the Tamanthi project by NHPC on the basis of essential additional investigations. They noted that the final updated DPR for Shwezaye would be available by March 2012. They directed the concerned officials on both sides to finalise plans for implementation of the project within six months.

Both India and Myanmar underscored the need for energy security and expressed satisfaction at ongoing bilateral cooperation in the area. They agreed to enhance cooperation in the area of oil and natural gas. In this context, the Myanmar side welcomed the substantial investments made by Indian companies like GAIL, ESSAR, ONGC and others in off-shore and on-shore blocks, and construction of natural gas pipelines. Myanmar agreed to encourage further investments by Indian companies, both in public and private sector, in the oil and natural gas sectors.

It was also agreed upon to extend bilateral cooperation to generation of electricity from renewable energy sources, including solar and wind. In this regard, companies, both in public and private sectors, in India and Myanmar would be encouraged to set up joint projects.

The two sides agreed on the need for expansion of air connectivity between the two countries, and directed the concerned officials to work towards enhancing air services which could cover more carriers, flights and destinations. It was noted that this would transform business and cultural ties between the two nations.

India and Myanmar agreed to examine feasibility of establishing railway links, ferry and bus services between the two countries. In this context, both sides agreed to examine commencement of ferry services on the Kolkata-Yangon and Chennai-Yangon routes.

It was also agreed upon for early upgradation of the microwave link between Moreh and Mandalay or other necessary link under the Indian line of Credit, and directed the concerned officials to work towards establishment of the new Optical Fibre link between Monywa to Rhi-Zawkhatar with Indian assistance.

The Indian side agreed to Myanmar’s request to increasing the number of training slots offered annually to Myanmar nationals to 250 from 2012-13. Both sides agreed to support joint research projects and exchanges of a historical, archaeological, cultural and educational nature. In this context, it was agreed to enter into a comprehensive Cultural Exchange Programme to promote bilateral exchanges with special emphasis on the four Indian states of Arunachal Pradesh, Nagaland, Manipur and Mizoram and cooperation in the fields of art, archaeology, museology, sports, media, etc. Both sides agreed to review the Memorandum of Understanding between the Ministry of Religious Affairs, the Republic of the Union of Myanmar and the Indian Council for Cultural Relations for expeditious implementation. It was agreed that both sides would jointly organise a high level International conference of Buddhist Philosophy in Myanmar in 2012.

It was noted with satisfaction that two teams of professionals from the Archeological Survey of India (ASI) visited Myanmar and carried out detailed studies on the conservation and restoration of the Ananda Temple in Bagan, Myanmar. It was agreed that restoration work on the site would start at the earliest based on the report by ASI.

Myanmar supported India’s candidature for a permanent seat in the UN Security Council. Both sides reaffirmed their unequivocal and uncompromising position against terrorism in all its forms and manifestations. They agreed on enhancing effective cooperation and coordination between the security forces of the two countries in tackling the deadly menace of insurgency and terrorism, which has caused countless loss of innocent lives. Both sides also underscored the need to strengthen institutional mechanisms for sharing of intelligence to combat the menace of insurgency, arms smuggling and drug trafficking. In this context, they discussed matters relating to further strengthening of border management mechanisms. The two leaders reiterated the assurance that the territory of either would not be allowed for activities inimical to the other and resolved not to allow their respective territory to be used for training, sanctuary and other operations by terrorist and insurgent organizations and their operatives.

They welcomed the scheduling of meeting of the Heads of Survey Department of India and Myanmar in November 2011, directed the Heads to jointly work out and implement a schedule for inspection and maintenance of boundary pillars in the open season in 2011-12 in a time bound manner.

Both sides reiterated their common desire to complete the repatriation process of Myanmar fishermen who drifted into Indian maritime territory and who are being looked after by Indian authorities in Port Blair, Andaman & Nicobar.

Sein’s visit represented the first state visit to India following the swearing in of a new Government in Myanmar in March 2011 that marks welcome progress in moving towards an open and democratic framework. India has offered to share its own experiences in evolving parliamentary rules, procedures and practices. In this context it was noted that the Speaker of the Pyithu Hluttaw (Lower House of Myanmar’s Parliament) has been invited to lead a delegation to India in December 2011.