Injecting a major booster to the Indian infrastructure sector, Asian Development Bank has decided to scale up its annual lending to India to over $4 billion, including private sector lending, in the next few years, informed Country Director India, Kenichi Yokoyoma. It may be recalled that ADB had committed $3 billion in sovereign lending to India, the highest ever annual commitment. In addition to this, ADB lent $557 million to the private sector in 2018. The increased lending envelope for India is in line with the commitment made by ADB to the Government of India for upscaling its lending to the Indian economy. ADB’s overall India portfolio comprises 82 ongoing projects worth $13.7 billion spanning six sectors and covering 25 states. It has also committed $1 billion per year over the next five years for the ₹2,500-km East Coast Economic Corridor (ECEC) development. The multilateral institution has supplemented its lending assistance to India with knowledge support through analytical and operational studies to help partners identify and develop transformative projects. Meanwhile, ADB has stuck to its December 2018 forecast of 7.3 per cent GDP growth for India in 2018-19. Indian economy is on a recovery mode and credit flow to industry and infrastructure is likely to improve in the coming days, said ADB Economist, Abhijit Sengupta.
📅Published on:
14 January 2019
🔗Share:
We Value Your Comment
⭐How useful is this information?
Submitting...
03
Thanks for your rating! ✌️ We’d love to hear more - share your thoughts by leaving a comment
Allcargo Logistics Limited has announced its initiative to enable FMCG companies to navigate increasingly fragmented inventory flows through integrated,
GHV Infra Projects Limited has secured a road construction and civil works contract worth Rs 815 crore from APCO Infratech Private Limited in Maharashtra.
JCB India announced the inauguration of a new facility of its dealer, Caculo Earthmovers in Karaswada, North Goa, further strengthening its presence in the
The Godhra–Vadodara section of the Delhi–Mumbai Expressway has been completed and opened for traffic on a trial basis from April 13, 2026, according to the
The Rajasthan State Industrial Development and Investment Corporation will invest Rs 1,200 crore to upgrade infrastructure across more than 450 industrial
Dubai has completed its first air taxi station near Dubai International Airport, marking a major step toward launching electric air mobility services later
Informa Markets in India is gearing up to host the 23rd edition of Roof India, Asia’s premier exhibition for roofing and allied products, from 23–25 April 2026
NBM Media
30+ years of reporting on infrastructure, construction, architecture, & real estate across print, digital, and social media.
