Ulaanbaatar /MONTSAME/ Mongolia will receive a soft loan of EUR 50 million from Poland pursuant to an intergovernmental agreement. Money of EUR 32 million of the sum is projected to be spent on the agricultural sector.
Development Director of the POL-MOT Holding JSC Marek Pol asked the Government of Mongolia to render support for establishing a tractor-assembling factory with the investment when he paid a courtesy call on J.Erdenebat, Acting Prime Minister of Mongolia on September 14.
The company has the experience in erecting tractor-assembly factories in several countries and intends to manufacture tractors labeled as Made in Mongolia for the market by spring of 2019. He said feasibility studies included opportunities for assembling electric buses.
In response, the Acting Prime Minister said the Government of Mongolia aims to provide domestic needs with home-made agricultural products and to manufacture export-oriented goods. Developing agricultural technology could be an important stimulation to this matter, he underlined. The Premier also noted that a private entity has to introduce progressive technologies and to employ local people when doing business in Mongolia.