Mongolia urges Indian companies to invest in mining and oil exploration
New Delhi, Oct 15 : Mongolias Deputy Prime Minister S. Amarsaikhan on Wednesday highlighted promising opportunities for Indian companies in mining of minerals and oil exploration in his country. Addressing the 'India-Mongolia Business Forum' held here, Amarsaikhan said there were also huge opportunities in Mongolia for railroad exploration, animal husbandry processing (including wool, leather, and cashew value addition), manufacturing, tourism, healthcare, transport and logistics, banking and finance, ICT, disaster risk reduction, and standards and measurements. The forum was organised jointly by the Confederation of Indian Industry (CII), the Mongolian National Chamber of Commerce and Industry (MNCII), and the Embassy of Mongolia in India. The Deputy Prime Minister invited Indian oil companies to explore and collaborate on Mongolias oil fields, noting that supporting infrastructure will be commissioned within two years. He further emphasised Mongolias strategic location near major markets such as China and Russia, and its Free Trade Agreements with Japan and other countries, offering India enhanced market access through Mongolia.