<h1>India Extends $150M Credit to Myanmar for SEZ in Sittwe, Aiming to Boost Economic Ties and Connectivity.</h1> India has extended a $150 million credit for establishing a Special Economic Zone (SEZ) in Sittwe, Myanmar, contingent on land provision by the Myanmar government. During a meeting with Myanmar's President, India's Commerce Minister discussed enhancing economic ties, covering sectors like SMEs, trade, energy, and telecommunications. India also seeks to expand banking operations in Myanmar, with Indian banks expressing interest. The two countries discussed ongoing energy collaborations and potential joint ventures. India is investing in infrastructure projects to improve connectivity between its northeastern region and Myanmar, including road and port developments, and has signed a new air service agreement to boost connectivity.