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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
The loan seeks to help the government fix the ugly scars left by the pandemic on the country’s labor market.
Manila-based Asian Development Bank (ADB) has approved a fresh $500-million funding for the Philippines to help the government generate more jobs to sustain the demands of a recovering economy, post-pandemic. The ADB on Thursday, Jan. 26, said it will release the policy-based loan to “help the Phi