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

December 16, 2021January 24, 2022 Tiksha 402 Views ADB, Government, Industry, Infrastructure, Investment

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.

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