USD 20 million loan to be inked
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Infomongolia.com : Mongolia, Daily news, Information about Mongolia, Mongolian language lessonsThe State visit of the President of India Mrs. Pratibha Patel to Mongolia is ongoing at the invitation of the President of Mongolia Ts.Elbegdorj. Two parts agreed to ink on the intergovernmental agreement for USD 20 million loan from the Government of India to build a Mongolia-India joint IT training outsourcing center in the near future. 
The Indian side has reported that the decisions; within the scope of a cooperation program in the cultural field of 2009-2012, a number of Mongolian students who are receiving a scholarship from the Indian Government will be increased to 50 students per year, also the number of participants to the Indian technology and economic cooperation program will be increased to 150 personels per year. Furthermore, both sides have agreed on establishing a Mongolia-Indian joint secondary school, and renewing the educational package on Rajiv Gandhi School for Arts and Atal Behari Vajpayee Centre for Excellence in Information and Communication Technology respectively.
Within the scope of the State visit the President of India Mrs.Pratibha Patel attended to the Mongolia-India Business Forum which was held at the Kempinski Hotel today, on July 29, 2011. Representatives from over 30 companies of Mining, Machinery, Equipment and IT from India, on behalf of Mongolia representatives about 40 companies have attended this business forum. Afterwards, The President of India Mrs.Pratibha Patel visited Gandantegchinlen Monastery, said the Media Agency of the President. 

 

July 29, 2011


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