AKIPRESS.COM - The Mongolian National Chamber of Commerce and Industry and Progress, Harmony and the Development Chamber of Commerce and Industry of India (PHDCCI) on November 11 established a memorandum of cooperation, Montsame reports.

Thus, the business people of the two countries are having opportunities to launch and expand their partnership.

Founded in 1905, PHDCCI supports its entrepreneurs and entities in foreign trade and industrial sectors and makes significant contribution to strengthen socio-economic capacity and development.

In frames of the memorandum, chartered accountant at India’s ‘SKKalra & Associates’ Surinder Kumar Kalra, who arrived in Mongolia, yesterday presented about Indian block chain technology to IT specialists of banking and financing institutes of Mongolia.

Attendants of the meeting exchanged information on cryptocurrency, using block chain technology, its advantages as well as banking and financing system of Mongolia. Representatives of companies such as ‘Arimon Khatan’, ‘Summit’, banks including Golomt Bank, the Bank of Mongolia, the State Bank, Ulaanbaatar Bank, the Development Bank of Mongolia and Chinggis Khaan Bank attended the meeting.