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The Asian Development Bank (ADB) has greenlit a USD 250 million policy-based loan to further propel the development of industrial corridors in India.
According to ADB, the financial support from ADB aligns with the National Industrial Corridor Development Program (NICDP) initiated by the Government of India in 2016, later updated in 2020 for enhanced planning and management of industrial economic clusters. ADB's infusion of funds bolsters the effective implementation of NICDP.
India Business News: The Asian Development Bank (ADB) has greenlit a $250 million policy-based loan to further propel the development of industrial corridors in India. The
India’s rapid growth path and the government push has given manufacturing a boost. As a result, the manufacturing segment provides investors with multiple diversified opportunities, say experts.