Want to replicate tasks and milestones that belong to a separate project into a new project.Is it possible?

Want to replicate tasks and milestones that belong to a separate project into a new project.Is it possible?

Whenever we start a new project,there are instances where many tasks and milestone occur and we have to create it individually again and again.Just wanted to know is there any option which can help us to select the milestones and task that we have worked on previously and can drag or select the same for our new project?