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 ...
