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Broadcast 20,21-12-2024
Англи

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Former president highlights India's role in Mongolia's economic independence


Densmaa 2023-08-11 04:08

Former President of Mongolia, Nambaryn Enkhbayar has praised India's significant contributions to Mongolia's quest for economic self-sufficiency.

Former President of Mongolia, Nambaryn Enkhbayar has praised India's significant contributions to Mongolia's quest for economic self-sufficiency. Speaking to WION diplomatic correspondent Sidhant Sibal, Enkhbayar highlighted India's crucial role in bolstering Mongolia's energy sector, citing the provision of a substantial $1.2 billion soft loan for the construction of the country's first oil refinery. He said, "With the launch of this project, and when they finally start working, we will be much more independent in terms of providing fuel to our industry inside of the country. At the same time, we really appreciate our Indian friends in helping Mongolia innovate. This is, I think, one of the biggest projects any country has carried out in Mongolia." This initiative aims to reduce Mongolia's reliance on fuel imports from China and Russia, with the refinery set to commence operations in 2025, commemorating the 75th anniversary of diplomatic relations between the two nations. Enkhbayar, who has held the highest political positions in Mongolia including being the PM and Speaker of the Parliament, emphasised the enduring spiritual connection between the two countries. He characterised India as a "natural third neighbour," drawing attention to their shared history rooted in Buddhism and the potential for comprehensive collaboration in the modern era. He explained, "We think that India is our spiritual neighbour because of the fact that Buddhism has been adopted in Mongolia as a major religion. So we consider India as a sacred place and special place for every Mongolian to visit". He also spoke on the nation's ties with China and Russia.

 

Read more At:https://www.wionews.com/india-news/former-president-enkhbayar-highlights-indias-role-in-mongolias-economic-independence-623151?fbclid=IwAR17xmV8im5kYpxuemvuojN6dgIaDdh-i6xfX5Jg93E3NeE7UStn5ptCChU

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