The Asian Development Bank (ADB) and the Government of India have signed a $484 million loan, to improve transport connectivity and facilitate industrial development in the Chennai–Kanyakumari Industrial Corridor (CKIC) in Tamil Nadu. “The project is key to providing seamless road connectivity across industrial clusters, transport gateways and consumption centres, and help reduce logistics and production costs for CKIC’s targeted industries to boost their competitiveness.
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