India: Industrial Corridor Development Program (Subprogram 1)
The program will expand and enhance the competitiveness of manufacturing in India by supporting the development of industrial corridors. The program is consistent with the country partnership strategy for India, 2018-2022; accelerating inclusive economic transformation. Addressing pillar 1 of the country partnership strategy on boosting economic competitiveness and creating jobs, the program will expand multi-modal transport networks along economic corridors, enhance institutions for corridor management, and address skills gaps to support industrialization.
| PROJECT DETAILS | ||
|
Commitment Date Funding Type Country Sector Status Total Cost |
25 Nov 2021 Loan India Economic Corridors Ongoing $250 million | |
| KEY OUTPUTS |
Improved investment climate for industrial corridor development. The program will support the following reform areas: (1) Institutional structures and mechanisms for industrial corridors’ integrated development strengthened. (2) Delivery of integrated and innovative project development and financing solutions for industrial corridors improved. (3) Integrated investment in industrial corridors facilitated and promoted. |
| FINANCING |
$250 million (Asian Development Bank Ordinary Capital Resources) |
