India to provide US$ 1 billion Line of Credit to Mongolia
The Dollar Business Bureau India will be providing US$ 1 billion ‘Line of Credit’ to Mongolia to develop its institutions, infrastructure and human resources. The above statement was made by Prime Minister (PM) Narendra Modi, while addressing the Mongolian Parliament on May 17, 2015, said a PIB release. The PM also laid the foundation stone for the expansion and upgrading of the Atal Bihari Vajpayee Centre for Excellence in Information and Communication Technology. Stating that under India's training programme, Mongolia is one of our largest partners, the PM said “We will increase the ITEC training slots for Mongolia from 150 to 200 and establish an India-Mongolia Joint School.” Modi also said that India and Mongolia have agreed that India will ...
PM's tour must focus on services exports to China
Himanshu Vatsa | The Dollar Business Indian business community seems to have high expectations ahead of Prime Minister Narendra Modi’s five-day trip to China, South Korea and Mangolia, beginning May 14. According to reports, Indian and Chinese private companies are expected to sign business deals worth US$ 20 billion during the prime minister’s visit. The Federation of Indian Export Organisation (FIEO), an apex body of exporters, has expressed hope that the trip will bridge the trade deficit between India and China. “If exports have come down to less than US$ 12 billion in this financial year from US$ 18-20 billion recorded two years back, that means something is wrong with our exports strategy towards China. And I think there has ...
