The two countries also celebrated the 10th anniversary of their Strategic Partnership with key MoUs signed during the visit of Mongolian President to India.
Key MoUs signed
- Development Cooperation: Both countries reaffirmed commitment to the Mongol Oil Refinery Project, being implemented with US$ 1.7 billion Line of Credit by India.
- Cultural Relations: MoU between Ladakh Autonomous Hill Development Council and Mongolia’s Arkhangai Province.
- Spiritual Cooperation: India plans to send holy relics of Lord Buddha’disciples Sariputra and Maudgalyayana to Mongolia, help digitise the 1 million ancient Buddhist manuscripts, and link Nalanda and Gandan Monastery.
- Others: Free e-visas to Mongolian citizens, strengthening trade through exploring the potential of third-country ports, enhance cooperation in Uranium, resilient supply chains and critical minerals, etc.
Significance Of Mongolia For India
- Strategic Importance: Mongolia’s strategic location, essential for enhancing geopolitical balance and regional stability.
- International and Development Cooperation: Both countries commit to a free, open, and rule based Indo-Pacific, along with cooperation in multilateral fora.
- Energy and Economic Partnership: Mongolia has vast reserves of coking coal, useful for Steel industry.
India-Mongolia Relations
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