Government of India and ADB sign a $31 Million Loan Agreement to develop Tourism and boost Jobs in Tamil Nadu

  • The Government of India and the Asian Development Bank (ADB) has signed a Loan Agreement for $31 million to build-up the Tamil Nadu State Tourism Industry and boost visitor arrivals. 
  • The activities under the project would also boost economic opportunities for the local people.
  • This was the tranche 4 loan for Infrastructure Development Investment Program for Tourism (IDIPT) approved in September 2010.
  • The $250 million IDIPT aims to build opportunities for local communities and boost local economy by enhancing tourism in three other states – Punjab, Himachal Pradesh and Uttarakhand- besides Tamil Nadu.