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Besides India, BIMSTEC or Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation comprises Bangladesh, Myanmar, Sri Lanka, Thailand, Nepal and Bhutan.
With a total population of 1.7 billion, which accounts for 22 percent of the world’s population, BIMSTEC countries have the potential for benefiting mutually and contributing to the global economy.
India has dismissed reports that it reached out to leaders of the BIMSTEC grouping - which includes Myanmar - for next year's Republic Day celebrations in New Delhi.