Heavy and light production to be promoted
The Government of Mongolia is to maintain consistency of “21:100” program on building new factories, which means that factories of 100 kinds of heavy and light production for substituting imports.
Heavy and light production is to be promoted. The Government of Mongolia is to maintain consistency of the “21:100” program on building new factories, which means that factories of 100 kinds of heavy and light production for substituting imports will be built in all 21 provinces of Mongolia. In the scope of the program, a major national manufacturer APU Company has set a goal to increase investment for dairy production in 2017. APU has constituted 21.4 percent of the milk market past year, and has been exporting its products to Russia, South Korea, and Hong Kong, China. As for heavy industry, the Government named four major projects, including an oil processing plant in Sainshand and Ferrous Complex in Darkhan-Selenge region. A bid has been announced for companies that are interested in preparing the feasibility study and consulting for the oil processing plant project. Four India-based companies have taken parts in the bid, two of them were selected. The feasibility study of the Ferrous Complex of Darkhan –Selenge region is projected to complete within July. Another heavy industry project on coal gasification plant is expecting a complete feasibility study in the near future. The coal gasification plant project is funded by World Bank. The Government has set to forward a project on copper concentrate plant, as well.
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