The signing ceremony for ten Memorandums of Understanding on the implementation of Quick Impact Projects (QIP) between the Government of the Republic of the Union of Myanmar and the Government of the Republic of India was held at the Ministry of Investment and Foreign Economic Relations in Nay Pyi Taw yesterday.
The ceremony was attended by Dr Wah Wah Maung, Union Minister for Investment and Foreign Economic Relations, deputy ministers from relevant ministries, senior officials, and Mr Abhay Thakur, Ambassador of India to the Republic of the Union of Myanmar, as well as Deputy Chief of Mission Mr Ashish Sharma and representatives from the Embassy of India.
The ceremony featured the signing of ten Memorandums of Understanding (MoUs), namely the “Memorandum of Understanding for Improvement of Digital Preservation of Public Records” by the Ministry of National Planning, the “Memorandum of Understanding for the Provision of household solar systems for ethnic people affected by the earthquake in the Inlay region” by the Ministry of Ethnic Affairs, the “Memorandum of Understanding for Replacement of Artwork at Maha Muni Buddha Image in Mandalay Region” by the Ministry of Religious Affairs and Culture, the “Memorandum of Understanding for Dairy Buffalo Development in Myanmar” by the Ministry of Agriculture, Livestock and Irrigation, the “Memorandum of Understanding for ‘Enhancing Agricultural Productivity through distribution of registered and certified Cotton and Black Matpe seeds to Cooperative Member Farmers in Myanmar” by the Ministry of Cooperatives and Rural Development, the “Memorandum of Understanding for The Purchase of a JCB Mini Excavator with a Breaker Gun” and “Memorandum of Understanding for the The Purchase of Non-Destructive Test (NDT) devices for structures damaged by an earthquake” by the Ministry of Construction, the “Memorandum of Understanding for Establishment of an Offline English Language Lab in Myanmar” by Ministry of Social Welfare, Relief and Resettlement, the “Memorandum of Understanding for A project plan to obtain High Quality and High Yield Varieties of Cotton and Black Gram for the Development of Agricultural Sector in Sagaing Region” by the Sagaing Region Government and the “Memorandum of Understanding for Solar Water Pumping System Using Renewable Energy” by the Mandalay Region Government. The MOUs were signed on behalf of the Government of India by Mr Ashish Sharma, Deputy Chief of Mission, Embassy of India.
The Indian Government will grant a total amount of US$489,735, and Joint Project Monitoring Committees (JPMC) will be formed in order to oversee and facilitate the progress of the projects.
The Quick Impact Projects are implemented under the Framework Agreement on Quick Impact Projects (QIPs), signed between the Government of Myanmar and the Government of India, with a grant amounting to US$50,000 per project. five projects for the 2023-2024 financial year and ten projects for the 2024-2025 financial year were implemented. For the 2025-2026 financial year, ten QIP projects will be implemented, and additional QIP projects for the coming financial years are being negotiated with the Indian Government to support Myanmar’s socioeconomic development further.
MIFER
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