India has announced a line of credit of one billion US Dollars to support expansion of Mongolia’s economic capacity and infrastructure. In his joint press statement with Mongolian Prime Minister Saikhanbileg in Ulaan Baator today, Prime Minister Narendra Modi said Mongolia is an integral part of India’s Act East Policy.
The Prime Minister said that India and Mongolia have decided to upgrade their Comprehensive Partnership to ‘Strategic Partnership’ and have agreed to renew their Treaty of Friendly Relations and Cooperation. Mr. Modi also announced to increase the Indian Technical & Economic Cooperation, ITEC training slots for Mongolia from 150 to 200. India will also establish an India-Mongolia Joint School. He said, the agreements between the two countries will deepen cooperation in border security and cyber security. Mr. Modi said, there is a huge potential in civil nuclear sector, mining, healthcare and other areas.
The Prime Minister today handed over a Bhabhatron equipment to Mongolian authorities for treatment of cancer patients. He also laid foundation stone for an IT Centre.