President of Mongolia Khurelsukh Ukhnaa visited national manufacturing enterprises operating under the “White Gold” movement.
The President first visited Gobi Erdene Cashmere LLC, established in 2010. The company employs 108 people and has the capacity to produce more than 200,000 items annually. It manufactures a full range of knitted products for men, women, and children, exporting around 70 percent of its output to 12 countries.
Within the framework of the “White Gold” movement, the company received an investment loan of MNT 2 billion. As a result, its production capacity increased by more than 10 percent, while both tax payments to the state and the number of employees rose by 20 percent each compared to the previous year. In 2025 alone, the company created 30 jobs in rural areas. It has set a goal to triple its production capacity in the coming years.
In 2025, a total of MNT 52 billion in investment loans was provided to cashmere manufacturers, increasing spinning capacity by 400 tonnes to more than 2,000 tonnes. In addition, MNT 322 billion in working capital loans enabled the purchase of raw cashmere to reach 60 percent of the total national output.
Whereas Mongolia previously exported cashmere mainly in raw form, it has now shifted to combed cashmere processing. Compared to the previous year, exports of combed cashmere increased sixfold, reaching 4,000 tonnes, equivalent to USD 330 million in export revenue.
“White Gold” Movement to Enable Annual Production of Two Million Pairs of Shoes
Founded in 2018, Lugati LLC produces work footwear for the mining, transport, construction, and heavy and light industry sectors. The company has the capacity to manufacture 100,000 pairs of shoes annually. Under the “White Gold” movement, it received MNT 900 million in working capital loans, expanded its capacity, and set a target to produce 250,000 pairs of shoes per year.
To protect domestic production, company representatives emphasized the need to increase tariffs on similar imported footwear, provide stronger support through loan and tax policies, promptly commission the Emeelt Industrial Complex, and place particular emphasis on training skilled workers.
Currently, more than 40,000 students study at 69 vocational education and training centers nationwide, yet fewer than 100 specialize in footwear manufacturing. Therefore, sector ministry representatives noted that policies are being implemented to create conditions for “learning while working and working while learning,” with training programs lasting from six months to one year.
Under the “White Gold” national movement, MNT 54 billion in working capital and investment loans have been provided nationwide to the leather and hides processing sector alone. As a result, within just one year, capacity was created to fully process 1.2 million small hides and 500,000 large hides annually, while capabilities for recycling waste and producing gelatin and pressed leather products were also expanded.
Footwear factories now have the capacity to produce 1.5 million pairs of shoes per year. Mongolia currently produces around one million pairs annually, with a target under the “White Gold” movement to reach two million pairs by 2028.
President Khurelsukh expressed his appreciation to herders, suppliers, and national manufacturers who cooperate to create jobs, supply value-added products to domestic and foreign markets, pay taxes, and contribute to national wealth creation.
Since the launch of the “White Gold” national movement in 2025, 66 enterprises engaged in wool, cashmere, leather, and hides processing and final product manufacturing have received MNT 520 billion in concessional loans. This year, an additional MNT 425 billion in low-interest, long-term concessional loans will be provided.

Published Date:2026-01-20