India, Myanmar sign tax, transport pacts to boost trade

NEW DELHI (Reuters) - India has signed a tax treaty with Myanmar that aims at checking evasion, boosting trade and investments across the two Asian nations, the finance ministry said on Thursday.

The Double Taxation Avoidance Agreement will cover taxes on individual income, company profits, dividends, interest and capital gains, the ministry said in a statement.

The two nations have also signed an agreement for a multi-modal transport project that will link India's north eastern region to Asian and South East Asian nations through Myanmar.

India will invest 5.4 billion rupees in the project expected to be completed in five years, the Junior Trade Minister Jairam Ramesh said at a conference.

Ramesh said he expected collaboration between India and Myanmar in oil and gas refining, technology and mining sectors.