CLMV offers India Inc fantastic opportunities
Cambodia, Laos, Myanmar and Vietnam, a sub-bloc within ASEAN, are all former socialist economies transitioning to the market. India can help this process and increase its economic and strategic footprint across South East Asia.
The acronym CLMV would have elicited blank or quizzical looks at most gatherings even a few years ago. It is still not the stuff of regular cocktail circuit chatter, but many more people now know that it stands for Cambodia, Laos, Myanmar and Vietnam.
Many will also know that these countries, all part of the ASEAN, also make up a sub-group that is of particular economic and strategic interest to India.