Prime Minister Narendra Modi on Sunday said the bilateral ties between New Delhi and Ulaanbaatar will grow, despite the distance and demands of geography.
"Mongolia's rich mineral resources can fuel our partnership... We can seize the economic opportunities of the digital world and work together to make it more secure against growing cyber threats. We can use India's expertise in dairy to launch a white revolution on these vast steppes. We can work together to add value to Mongolia's pashmina resources right here," said Prime Minister Modi, while addressing the Mongolian Parliament at the State Great Khural.
"We can create partnerships for affordable modern healthcare in Mongolia. We can use our heritage of traditional medicines to improve holistic treatment in our countries and abroad. As Indians travel abroad more, Mongolia has the opportunity, with its natural and spiritual wealth, to become a major destination for them," he added.
The Prime Minister also said that India has emerged as one of the fastest growing major economies in the world and is the 'bright spot of hope' for the momentum of global economics.
"In less than a year, our growth has rebounded to 7.5 percent. India has emerged as one of the fastest growing major economies in the world. And, we have the potential to grow even faster. At a time when the global economy remains weak, the world speaks in one voice that India is the bright spot of hope to become the new locomotive for global economic momentum," said Prime Minister Modi.
Earlier in the day, Prime Minister Modi dubbed his visit to Ulaanbaatar as a 'significant milestone' after India and Mongolia signed over 14 agreements to strengthen bilateral ties between the two countries.
The Prime Minister also visited the Gandantegchinlen monastery in the city, where he interacted with the Hamba Lama and gifted him a sapling of a Bodhi tree.
This was followed by a ceremonial welcome that was accorded to him at the Mongolian State Palace at the Chinggis Khaan Square, where he also signed the guestbook.
Prime Minister Modi, who arrived in Ulaanbaatar on Saturday night, is the first Indian prime minister to visit Mongolia.
