ADB Inks Pact for Rs 1,872 Crore Loan for Industrial Corridor Development

The bank for regional development, Asian Development Bank (ADB) has entered into a pact with the Government of India to provide a loan of USD$ 250 million (around ₹ 1,872 crore) to support India’s National Industrial Corridor Development Program (NICDP).

ADB’s loan will support India’s National Industrial Corridor Development Program that aims to develop world-class industrial nodes with multimodal connectivity, including international gateways like ports and airports and inclusive, climate-resilient and sustainable infrastructure.

The National Industrial Corridor Development Program is an infrastructure program of the Government of India aiming to develop industrial cities in the nation.