Cambodia, Laos, Myanmar and Vietnam (CLMV) collectively hold a lot of promise for Indian companies, both as a market and source of raw materials.
Most Indians are quite familiar with Vietnam. Apart from etching itself into the India’s (and the world’s) collective consciousness for its heroic and successful fight against a superpower in the 1960s and 1970s, it has also emerged recently as a close Indian ally in South East Asia against a new Chinese assertiveness.
Vietnam’s offer of a couple of oil blocks in the South China Sea to India, in face of stiff opposition from China, has bolstered its reputation as a country that does not fear others, regardless of economic or military heft. Login/Sign up to Read more