Ulaanbaatar
Medicinal plants are possible to be exported to India
Economy
Ulaanbaatar /MONTSAME/. Mongolia is possible to export products including medicinal plants and sea buckthorn to India.
Mongolia and India have been expanding cooperation since
their establishment of diplomatic relations in 1964.The two countries are
jointly implementing major projects and programs to further develop a
comprehensive strategic partnership. In addition, meetings and
consultations are planned to be organized to improve economic relations and
increase trade turnover.
MNCCI Secretary General S.Bayasgalan said, “The MNCCI
is working to co-organize a Mongolian-Indian Investment and Business Forum with
the Embassy of India on March 25. In connection with the ‘New Revival
Policy’ announced by the Government, new projects and investment
opportunities will be introduced to investors.”
Executive Director of the Mongolian-Indian Business Council V.
Gantulga noted, “India is one of the largest providers in the global medicine
market, and its vaccine manufacturers supply the global market alone. Therefore,
Mongolia is fully possible export semi-processed medicinal plants to India.”
Attaching much importance to the cooperation with Mongolia,
India’s businessmen and investors held several meetings on establishing
contacts with Mongolian businesses. The sides are focusing on further
strengthening and expanding the trade and economic relations.
