Among those which have been established on foreign loan are disposable syringe factory, traditional medicines producing factory, several food processing enterprises etc. The government policy on promoting and encouraging the development of SME's is being worked out by the working group under the Cabinet. In 1990 - 1995 permissions to conduct operations have been granted to more than 520 business entities with foreign investment participation represented by businesses and individuals from 39 countries. Among these were world renowned companies like Sumitomo Corp., KDD of Japan, Korean Telecom, Nescor of USA, etc. The companies with foreign investments wool and cashmere processing, knitting, processing of animal bone, intestines, uranium, copper deposits, tourism, communications and cable TV services.
Diversification is one of the main features observed lately in foreign investment.
Although the number of investors from neighboring Russia and China still prevail, there has been a definite inflow of investments from the USA, Japan, South Korea, Turkey, Italy and India. These are mainly focused on the exploration and processing of natural resources of the country. As a first step in a series of undertakings to build up awareness about investment opportunities in Mongolia, a joint MTI, MCCI and EU round table meeting was organized in June 1995 in Brussels which was attended by approximately 100 companies from EU and 40 companies from Mongolia. This was followed by a workshop in Tokyo last December. This kind of meetings of international importance will be undertaken in future as they help expose Mongolia to other countries and promote international cooperation for mutual benefit.