India-Mongolia Current Affairs

India extends 1 billion dollar Line of Credit to Mongolia

India has extended 1 billion US dollars a Line of Credit (LoC) to Mongolia to develop institutions, infrastructure and human resources in Mongolia.

It was extended after delegation-level bilateral talks between the Union Minister of State (MoS) for External Affairs VK Singh and Mongolian Foreign Minister Lundeg Purevsuren in New Delhi.

Background

The LoC was extended as part of announcement made by the Prime Minister Narendra Modi during his visit to Mongolia in May 2015. The LoC was announced for infrastructure development and economic expansion.

It was the first Prime Ministerial visit from India to Mongolia. During that visit, the two nations also had signed 14 agreements.

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India, Mongolia hold joint exercise ‘Nomadic Elephant’ to boost military cooperation

The eleventh edition of India-Mongolia joint military training Exercise ‘Nomadic Elephant – 2016’ has commenced at Mongolia.

It seeks to promote military associations between India and Mongolia. The first joint exercise was held in 2004 and since then it is annually held.

Key facts

  • Aim of exercise is to develop synergy and interoperability between the two armies to fight in Counter Insurgency and Counter Terrorism (CICT) environment under the United Nation mandate.
  • In this edition, a platoon of the Kumaon Regiment of the Indian Army along with a team of two observers is taking part in the event.
  • The Indian contingent will share its practical experiences of CICT operations through a series of classroom lectures and outdoor demonstrations.

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