|ADB, India Ink $375 Million Loan/Grant Agreement to Develop the Vizag-Chennai Industrial Corridor|
The Asian Development Bank and the Government of India have signed a $375 million agreement to develop the 800-kilometer Visakhapatnam (Vizag)-Chennai Industrial Corridor. The agreement includes the first tranche of $245 million, which will develop high-quality infrastructure in Visakhapatnam and Yerpedu-Srikalahasti, a $125 million policy-based loan, and a $5 million grant to build climate change resilient infrastructure.
Tags: ADB, Economic corridor, India, Act East Policy, Make in India, manufacturing
|East Coast Economic Corridor to Include Odisha|
The State Government of Odisha will prepare a conceptual development plan for the first phase of the East Coast Economic Corridor (ECEC) by March 2017. Odisha has been included in the ECEC following discussions between officials of the Government of India and the Asian Development Bank.
Tags: East Coast Economic Corridor, Economic corridor, Odisha, Make in India, manufacturing, ADB, India
|Vizag-Chennai Industrial Corridor to Boost Andhra Pradesh's Industrial Activity|
A potential Asian Development Bank loan of $625 million will boost the planned $840 million Vizag-Chennai Industrial Corridor (VCIC). VCIC will form part of India’s proposed East Coast Economic Corridor, with 4 industrial nodes expected to double industrial output and improve productivity in Andhra Pradesh by 30% over the next 2 decades.
Tags: Vizag-Chennai Industrial Corridor, Transport, Ports, manufacturing, India, Economic corridor, ADB, Make in India