ADB proposes up to $25bn development support to India

NEW DELHI: The Asian Development Bank’s (ADB) president has proposed up to $25 billion development support to India over 5 years in a meeting with Prime Minister Narendra Modi on Tuesday, a statement from the bank said.

“ADB will provide multifaceted support for India’s key priorities,” the statement quoted ADB president Masatsugu Asakawa as saying.

This includes support for an infrastructure push a under a connectivity plan, support for building cities, mobilising domestic resources and strengthening basic services in disadvantaged districts, the statement added.

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