Indian businessmen eye mining, education sectors in Mongolia


Ulaanbaatar (Mongolia), July 29 (PTI) Satisfied with the foreign trade policy and basic infrastructure available in Mongolia, many industry giants from India plan to set up business units here.

A host of industrialists have gathered here to seek ways to tap business opportunities emerging out of this north east country.

They have been holding meetings with senior government officials of both the countries to explore a mutually- profitable partnership for them.

“We are interested in mining activities here.
Basically in exploration of base metals like copper mining and precious metals like gold and tungsten among others. We plan to invest about USD 200-300 million in coming years,” Mumbai-based Chandra Proteco President Mukul Gupta said.

Gupta said that deliberations with Mongolian authorities and their chambers of commerce are on in this regard.

“The land is full of opportunities. There is a lot of scope in business development activities especially in the field of food processing and tourism,” Camlin Limited Chairman and Managing Director Dilip Dandekar said.

A 32-member strong delegation comprising representatives of known commercial houses were taking part in ”Mongolia-India business Forum”.

The meet is being co-organised by Foreign Investment and Foreign Trade Agency of Mongolia (Fifta), CII, Ficci and Assocham to find business opportunities.

Many businessmen, politicians and associates of Fifta took part in the event, which was inaugurated by President Pratibha Patil, who is on a three-day visit here.

Patil is the first Indian President visiting Mongolia after a gap of 23 years.

Be it medical, education, information technology, dairy and mining, experts and industrialists are trying to seek business opportunities in other sectors too.

“We are looking forward to a joint venture with some university and college here for student exchange programme. The land is new and full of opportunities,” Meerut”s Shobhit University Pro Chancellor Kunwar Shekhar Vijendra said.

“We will be giving USD 10 million scholarships to people under the student exchange programme. Initially the grant will be given to research scholars,” Vijender said.

Shobhit University has about 2,000 students at its Meerut Centre.

Patil”s visit to Mongolia is aimed at finding new avenues to explore trade and cultural relationship with tie ups in Defence, Information Technology, and commerce.(MORE) PTI AKV

Published by Kunwar Shekhar Vijendra

Kunwar Shekhar Vijendra belongs to a small historical town Gangoh, situated on the banks of river Yamuna in district Saharanpur of India. He is the Co-founder and Chancellor of Shobhit University India and a prominent social entrepreneur based in New Delhi, who carries leadership roles in many organizations. He is Co-Chairman, National Council on Education of ASSOCHAM- the oldest Apex Chamber of Commerce & Industries of India. He is also the National President, Centre for Education Growth and Research (CEGR) - the largest Independent Academic Think-tank of India. Kunwar Vijendra is a persistent advocate of the initiatives for education for all, secular values, crisis management through diplomatic and peaceful ways, and globalized systems of learning and peaceful co-existence. He had been instrumental in the development of a number of higher education institutes, research centers, and a hospital in north India. He is very actively involved with a number of social organizations also. Acknowledging his contribution to society in the areas of education and other concerns he has been copiously honored and awarded. He has traveled widely in India and to the countries like USA, UK, Germany, Australia, Russia, China, South Korea, Vietnam, Mongolia, UAE, Mauritius, Rwanda, Uganda, Croatia etc. to participate in various professional, social and educational activities. He is a Passionate Gandhian, Philanthropist, Social Speaker & Academic Influencer.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: