India and Mongolia are entering new era of “Strategic partnership”

Newsroom24x7 Staff

Prime Minister Narendra Modi meeting Prime Minister of Mongolia, Chimed Saikhanbileg, at the State Palace, in Mongolia on May 17, 2015.
Prime Minister Narendra Modi meeting Prime Minister of Mongolia, Chimed Saikhanbileg, at the State Palace, in Mongolia on May 17, 2015.
  • Narendra Modi is the first Prime Minister of India to visit Mongolia.
  • The Prime Minister’s visit began with a visit to the historic Gandan Monastery, where as a token of friendship from the people of India, he handed over a sapling of the Mahabodhi Tree.

Ulaanbaatar (Mongolia): Prime Minister of India Narendra Modi today announced that India and Mongolia have decided to upgrade their Comprehensive Partnership to ‘Strategic Partnership’.

The two countries have also agreed to renew their Treaty of Friendly Relations and Cooperation.

The Prime Minister said that Mongolia is an integral part of India’s Act East Policy. The destinies of India and Mongolia are closely linked with the future of Asia Pacific Region. We can work together to help advance peace, stability and prosperity in this region. So, I am also here in commitment to our shared responsibility to our region.

The Indian Prime Minister was addressing the Mongolian delegation and members of the media after the signing of Agreements here in the presence of Mongolian Prime Minister Chimed Saikhanbileg.

The Indian Prime Minister said: “We will take our economic partnership to a new level” and announced that India will provide a Line of Credit of One Billion U.S. dollars to support expansion of Mongolia’s economic capacity and infrastructure.

Supporting development of human resources is the best way to secure a nation’s development, the Prime Minister said and reiterated India’s commitment to continue efforts in Mongolia. India will increase the ITEC training slots for Mongolia from 150 to 200. We will also establish an India-Mongolia Joint School, he announced.

Underscoring that India attaches high importance to security cooperation with Mongolia and, Modi said, We will continue to participate in each other’s defence exercises. The agreements today will deepen our cooperation in border security and cyber security. Cooperation between National Security Councils will provide a strategic framework for cooperation. We have also agreed that India will help establish a Cyber Security Centre in Mongolia’s Defence and Security Establishment.

Stating that trade and investment relations are modest between the two countries, the Indin Prime Minister said we recognise that there are physical limitations. But, we agreed that economic growth in our two countries is opening up new opportunities. There is huge potential in civil nuclear sector, mining, healthcare, pharmaceuticals and dairy. We should also explore the possibilities of using digital technology to expand our economic relations.

Modi reflected on his discussions with the Mongolian Prime Minister and said we have strong convergence of views on bilateral relations and our regional and international partnership. The agreements that we have just signed cover economic relations, development partnership, defence and security, and people-to-people contacts, he told the gathering.

Later today the Prime Minister will lay the foundation stone for the expansion and upgrading of the Atal Bihari Vajpayee Center of Excellence for Information and Communication Technology. He will also visit the National Cancer Centre to gift Bhabhatron II. It is state of art nuclear medicine cancer therapy machine, developed and manufactured in India.

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