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Rajnath at launch ceremony of Indian-funded oil refinery in Mongolia
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SME Times News Bureau | 23 Jun, 2018
Union Home Minister Rajnath Singh on Friday attended the ground breaking
ceremony for an Indian-funded oil refinery in Mongolia and termed it an
important milestone in bilateral ties between both the countries.
The
ceremony at Stantsiin Hooloi in Altanshiree Soum was attended, among
others, by Mongolian Prime Minister Ukhnaagin Khurelsukh.
"Both
India and Mongolia should work in close coordination not only for
progress and development of Asia but to usher peace and prosperity in
the Indo-Pacific region," said Rajnath Singh, who is on a 3-day visit to
Mongolia, according to an official statement.
Recalling the
statement made by Prime Minister Narendra Modi in 2015 during his visit
to Mongolia, he expressed confidence that with the start of this
refinery, Mongolia would derive rich benefits.
Supported by a $1
billion soft credit line from India, the new refinery is as part of
India's effort to develop further ties with the landlocked country and
help reduce its energy dependence on neighboring China and Russia.
Rajnath
Singh was of the opinion that this will further strengthen the
relationship between both the countries, recalling that it was India
which first established diplomatic relations with Mongolia after it came
out of communist bloc.
The Home Minister lauded the efforts made
by Kushak Bakula, who during his life called upon the youth to lead
life with human values, and termed him a "symbol of peace and love".
With
the minister on a visit to Mongolia to further strengthen bilateral
relations and security cooperation, the statement noted that the
northeast Asian country is "seen as an important strategic partner of
India and New Delhi wants to realise the huge potential of bilateral
relations with Mongolia".
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