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New Delhi: The Government of India and the Asian Development Bank (ADB) India signed here recently an agreement for a US $350 million loan to upgrade district roads in the state of Madhya Pradesh. The Madhya Pradesh (MP) District Connectivity Sector project will improve about 1,600 kilometers of major district …
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India to get $50 Million Loan To Boost Power Generation
New Delhi: The Asian Development Bank (ADB) and the Government of India signed here today a $50 million loan agreement for the second Assam Power Sector Investment Program which aims to build up the capacity of power generation and distribution systems to meet the growing energy demand in the state …
Read More »President, Asian Development Bank calls on PM of India
New Delhi: The President of Asian Development Bank, Mr. Takehiko Nakao, called on the Prime Minister, Shri Narendra Modi, today. The Prime Minister urged Mr. Nakao that the Asian Development Bank should take up the Railways sector in India as a priority, and complete one transformational project which will create …
Read More »Loan Agreement with ADB of $135 Million for J & K, Karnataka
New Delhi: The Government of India signed an agreement with Asian Development Bank (ADB) here today for a $60 million loan that will help improve urban services, including water supply and urban transport infrastructure, in two key cities of Jammu and Kashmir. This loan from the ADB’s Ordinary Capital Resources …
Read More »India Signs Agreement with ADB of US$200 Million to help Punjab
New Delhi: An agreement has been signed here today with Asian Development Bank (ADB) for a loan of $200 million to facilitate the State of Punjab to implement a comprehensive fiscal consolidation programme. This will generate fiscal savings and make better use of scarce budgetary resources and thereby help with …
Read More »India Signs Loan Agreement with ADB Worth $63.3 Million
New Delhi: The Government of India signed an agreement with Asian Development Bank (ADB) today for a $63.3 million loan for improving urban services and strengthening municipal and project management capacity in several towns in North Karnataka. The agreement is for the 4th Project under the overall facility of $270 …
Read More »ADB to support India to reach its potential
New Delhi: The President of Asian Development Bank, Mr. Takehiko Nakao, called on the Prime Minister, Shri Narendra Modi, today. He complimented the Prime Minister on his Independence Day Speech which he termed inspiring. He was particularly touched the Prime Minister`s emphasis on change, removing silos within Government, improving co-ordination …
Read More »FM of India Stresses on the Capital Increase in the ADB
New Delhi: The Union Finance Minister Shri Arun Jaitley stressed on the capital increase in the Asian Development Bank (ADB) to maintain a leading role in development financing in Asia. Shri Jaitley was making the opening remarks when Mr. Takehiko Nakao, President, Asian Development Bank (ADB) called on him in …
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