ADB to provide $7.4 Billion assistance to India
Tuesday, 01 February 2011, 06:47 IST
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New Delhi: The Asian Development Bank (ADB) will extend $7.4 billion assistance to India for developing the country's infrastructure for a period of three years from 2011-13. "ADB and the Government of India have agreed on a new three-year business plan that will provide lending assistance of $7.4 billion to support inclusive and environmentally sustainable growth in the country," the multi-lateral lending agency said in a statement. A major thrust of ADB's India Country Operations Business Plan (COBP) for 2011-2013 will be to support infrastructure development, particularly through public-private partnership (PPP) programs, the statement added. Continued assistance for development of the vital energy sector by means of projects involving clean and renewable energy sources, including solar power is another key focus area, ADB said.
Source: PTI
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