ADB approves $250 million loan for India’s National Industrial Corridor Development Program (NICDP)
- The Asian Development Bank (ADB) has approved a USD 250 million (about Rs 1,875 crore) loan to support India’s National Industrial Corridor Development Program (NICDP).
- This is the first subprogram of the programmatic USD 500 million loan to develop 11 industrial corridors spanning 17 states.
- NICDP aims to develop world-class industrial nodes that are supported by efficient urban agglomerations and multimodal connectivity, including international gateways like ports and airports and inclusive, climate-resilient, and sustainable infrastructure.
Points to remember:
- What amount of loan has ADB approved for NICDP under the first subprogram?
- Which bank has approved USD 250 million loan for India’s National Industrial Corridor Development Program (NICDP)
Source: economic times