GOVERNMENT RECEIVES 1,151 INDUSTRIALIZATION PROJECTS

Ulaanbaatar /MONTSAME/ Since announcing a national industrialization project competition in last December, the Government has already received one thous 151 offers. Prior to that, the remaining of the Government’s Chingis Bond capital had been announced to be spent for import substitution industries of the private sector, under the 2014's domestic production development policy of the Government. Project proposals have been received at the Cabinet office (963 offers) and at three Ministries such as of the Industry and Agriculture (100), of Labor (45), of Construction and Urban development (43). A set up by order of the PM working group is to run a selection in the proposals. The selection will end by March 15, a final decision will be submitted to the cabinet meeting.