Pledged $2.6 bn sovereign loans to India in 2023: ADB

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The Asian Development Bank (ADB) Wednesday said it pledged $2.6 billion sovereign lending to India in 2023 for projects that sought to bolster urban development, support industrial corridor projects, promote power reforms, build climate resilience, boost horticulture and enhance connectivity...

The multilateral lender said it also extended $23.53 million in technical assistance and $4.1 million in grants under the sovereign portfolio...

"We will continue to focus on projects and programmes that accelerate India's structural transformation, create jobs, address infrastructure gaps, promote green growth, and foster social and economic inclusiveness while deploying smart technologies and innovations," said Mio Oka, ADB's country director for India...

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