A fifteen-day joint military training codenamed "Nomadic Elephant 2012" has started in Belgaum district of the state of Karnataka, India from August 06, 2012. 

The first India-Mongolia joint military training had commenced in 2004. The current eighth joint training between the Indian Army and Mongolian Armed Forces aims at sharpening their counter insurgency skills and enhancing training infrastructure for UN peacekeeping missions, where Mongolian military forces are represented by its 38 personnel and have been participating in several counter insurgencies and counter terrorism operations including cordon and search operations, house clearance and room intervention drills, small team concepts, establishing intelligence grid and special firing techniques, combat shooting, reflex shooting and jungle lane shooting. Also, on behalf of the Indian Army, the infantry exercise comprises participation of over 40 specially selected troops from the Jat Regiment, one of the longest serving and most decorated regiments of the Indian Army.

In 2005, the joint drills were held at the Mizoram-based Counter Insurgency and Jungle Warfare School (CIJWS) at Vairnagte and in 2008, it was conducted in Mongolia. Besides the joint exercises, the two nations have also successfully been conducting visits and exchanges of senior military officials.
Moreover, Mongolia-Russia joint military field exercises codenamed “Selenge 2010” and "Selenge 2011" have been conducted successfully in each counterpart’s territory.

In 2002, a law was passed that enabled Mongolian Army and Police Forces to conduct UN-backed and other international peacekeeping missions abroad. 

In 2003, Mongolia contributed troops to the Iraq War as part of the Multi-National Force.

In 2005-2006, Mongolian troops also served as part of the Belgian KFOR contingent in Kosovo.

In 2009, Mongolia sent 114 troops to Afghanistan starting its full involvement in the operations of the International Security Assistance Force, a NATO-led security mission.
In 2012, Mongolia sent 850 soldiers to South Sudan to be involved in the UN Peacekeeping Operations.

Mongolian Armed Forces are performing peacekeeping missions in Sierra Leone, Ethiopia, Congo, Eritrea, Western Sahara and Afghanistan and with the United Nations Mission in Liberia. 

Mongolia has a unique military policy due to its geopolitical position and economic situation. Being between two of the world's largest nations, the Russian Federation and the People’s Republic of China, Mongolia's national security therefore depends strongly on diplomacy, a notable part of which is the Third neighbor policy.