The two countries also celebrated the 10th anniversary of their Strategic Partnership with key MoUs signed during the visit of Mongolian President to India. 

Key MoUs signed 

• Development Cooperation: Both countries reaffirmed commitment to the Mongol Oil Refinery Project, being implemented with US$ 1.7 billion Line of Credit by India. 
• Cultural Relations: MoU between Ladakh Autonomous Hill Development Council and Mongolia’s Arkhangai Province.

• Spiritual Cooperation: India plans to send holy relics of Lord Buddha’disciples Sariputra and Maudgalyayana  to Mongolia, help digitise the 1 million ancient Buddhist manuscripts, and link Nalanda and Gandan Monastery.

• Others: Free e-visas to Mongolian citizens, strengthening trade through exploring the potential of third-country ports, enhance cooperation in Uranium,  resilient supply chains and critical minerals, etc. 

Significance Of Mongolia For India

• Strategic Importance: Mongolia’s strategic location,  essential for enhancing geopolitical balance and regional stability.
• International and Development Cooperation: Both countries commit to a free, open, and rule based Indo-Pacific, along with cooperation in multilateral fora. 
• Energy and Economic Partnership: Mongolia has vast reserves of coking coal, useful for Steel industry.