India inks 6th civil nuclear pact with Mongolia

New Delhi, Sept 14 (PTI) India Monday signed a civil
nuclear pact with Mongolia, which is believed to have ample
resources of uranium.

Mongolia became the sixth nation with which India has
signed a civil nuclear pact since the 45-nation Nuclear
Suppliers Group lifted a 34-year-old ban on India to have
trade in the field with the international community.

The nuclear agreement and four other pacts were signed
after wide-ranging talks between India Prime Minister Manmohan
Singh and visiting Mongolian President Tsakhiagiin Elbegdorj
here.

India has already inked civil nuclear agreements with
the US, Russia, France, Kazakhstan and Namibia.

The 'Memorandum of Understanding on Development of
Cooperation in the field of Peaceful Use of Radioactive
Minerals and Nuclear Energy' would enable India to look for
uranium in Mongolia.

Speaking on the occasion, Singh said both the leaders
have agreed on deeper cooperation in the field of mining and
other areas like agriculture.

The other pacts signed by the two sides were in the field
of health, cultural exchanges, statistical matters and
extension of loan.

India also announced USD 25 million stabilisation fund
for Mongolia to help it in mitigation of the impact of global
financial crisis.

Elbegdorj expressed gratitude to India for providing the
stabilisation fund. PTI AKK
DDC