On 16 May 2015, Prime Minister Narendra Modi reached Ulaan baatar, capital of Mongolia, for a two-day official visit, the first ever by an Indian Premier. He held wide-ranging discussions with his Mongolian counterpart Chimed Saikhanbileg and the two leaders pledged to take bilateral economic partnership to a new level.
India announced a $1 billion credit line to Mongolia for infrastructure development as they upgraded their ties to “strategic partnership” and agreed to deepen defence cooperation, besides exploring potential for tie ups in areas like the civil nuclear sector.
“Today, Mongolia is also an integral part of India’s Act East Policy,” Mr Modi said. “The destinies of India and Mongolia are closely linked with the future of Asia Pacific region. We can work together to help advance peace, stability and prosperity in this region.”
The two sides inked 14 pacts that included one on enhancing cooperation in border guarding, policing and surveillance, air services, cyber security and new and renewable energy.
Mr Modi also called on President Tsakhiagiin Elbegdorj and discussed bilateral ties and issues of mutual interests.
Prime Minister Modi also addressed the State Great Hural, the Mongolian Parliament, which was specially convened on a holiday for the first time for a foreign leader.
On economic cooperation, Modi and Saikhanbileg agreed to encourage development of equal and mutually beneficial trade, investment and economic cooperation, which is balanced, sustainable and leads to prosperity in both countries.
On its part, Mongolia reiterated its support to India’s candidature for permanent members of the UNSC when the expansion takes place. Both countries also agreed to offer reciprocal support for their bids for a non-permanent seat in the UNSC for 2021-22 and 2023-24, respectively.