Tractor assembling factory to be established in Mongolia

Oyundelger 2017-09-15 07:09

Mining

Tractor assembling factory to be established in Mongolia.

Tractor assembling factory to be established in Mongolia. Mongolia will receive a soft loan of EUR 50 million from Poland pursuant to an intergovernmental agreement. Money of EUR 32 million of the sum is projected to be spent on the agricultural sector. Development Director of the POL-MOT Holding JSC Marek Pol asked the Government of Mongolia to render support for establishing a tractor-assembling factory with the investment when he paid a courtesy call on Jargaltulga Erdenebat, Acting Prime Minister of Mongolia this week. The company plans to manufacture tractors labeled as Made in Mongolia for the market by spring of 2019. Acting Prime Minister said that developing agricultural technology could be an important stimulation to providing domestic needs with home-made agricultural products and to manufacture export-oriented goods.