Mongolia-India relations strengthens
Relations between Mongolia and India are to strengthen.
Relations between Mongolia and India are to strengthen. India extended a line of credit (LoC) of USD 1 billion to Mongolia for ensuring its economic growth, based on the importance of the local infrastructure sector development. The loan would be used for procurement of items from India and for India-linked projects in Mongolia. The matter was agreed during the recent bilateral talks in New Delhi between Mongolian Foreign Minister and Indian Minister of State for External Affairs.