On October 2, 2024, the Asian Development Bank (ADB) approved a $162 million loan to enhance tourism development in Himachal Pradesh. This funding, aimed at reviving the tourism economy in the five districts severely affected by the pandemic—Hamirpur, Kangra, Kullu, Mandi, and Shimla—will support the Sustainable and Inclusive Tourism Development Project. The project targets the promotion of heritage and cultural sites while developing new infrastructure, ultimately unlocking the state’s tourism potential.
The project focuses on several key initiatives:
A significant aspect of the project is improving accessibility for vulnerable groups:
ADB’s support also extends to enhancing the institutional capacity of the Himachal Pradesh Tourism Development Board:
This loan is part of ADB’s broader support for India:
Type: Regional multilateral institution.
Focus: Asia-Pacific region.
Founded: December 19, 1966, with 31 founding member countries, including India.
Current Membership: 68 members (49 from Asia-Pacific, 19 from outside the region).
Headquarters: Mandaluyong City, Philippines.
President: Masatsugu Asakawa.
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