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ADB approves $250 million loan for India’s NICDP

ADB approves $250 million loan for India's NICDP_50.1

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 loans to develop 11 industrial corridors spanning 17 states.

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About the NICDP:

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.

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