India to build hospitals, institutes in Cambodia, Laos, Myanmar and Vietnam

Laos, Myanmar and Vietnam, as a part of its plan to strengthen economic ties with CLMV region.

India plans to start development projects in Cambodia, Laos, Myanmar, and Vietnam, as a part of its plan to strengthen economic ties with CLMV region, Commerce and Industry Minister Suresh Prabhu said.

India is thinking of building a multi-specialty hospital and an educational institute in Myanmar and Cambodia, a pharma unit in Vietnam.

With an aim to promote investments, the government has created a project development fund to facilitate Indian investment in the four countries, Cambodia, Laos, Myanmar and Vietnam (CLMV), said Suresh Prabhu, Minister of Commerce & Industry and Civil Aviation.

"From our side, we have decided to do two projects in this region. One in Cambodia, where we will be setting up a hospital and medical college. India will be setting up this on a PPP basis. The other will also support it," he told. According to the reports by PTI.

Prabhu said that the detailed project reports (DPRS) have now reached the stage of finalization.

"We are also creating a joint working group on trade. Government-to-government talks can happen through this group. "India's economic ties with CLMV countries have gone from strength to strength. We will work together to strengthen this relationship across varied sectors," Prabhu said.

A smooth channel of connectivity and enhanced economic integration with regional value chains are important for India and these countries to boost two-way trade and commerce. India's trade with this region is over USD 11 billion at present.