Compiled features on recent developments in regional cooperation and integration in the SASEC region.
The SASEC Operational Plan, which aligns and brings together all SASEC sectoral strategies, was launched in Kathmandu, Nepal. With 37 of the 200 planned projects set to be implemented in Nepal, the Government’s policy reform efforts to integrate with global markets is set to receive a significant boost.
Tags: Nepal, SASEC Operational Plan, Trade Facilitation, Transport, Energy
ADB has approved a multitranche financing facility and grant of $500 million for the Visakhapatnam-Chennai Industrial Corridor Development Program to develop India’s first coastal industrial corridor, with the Government of India also contributing $215 million in funding. The Visakhapatnam-Chennai Industrial Corridor is a key section of India’s planned East Coast Economic Corridor.
Tags: ADB, Economic corridor, Vizag-Chennai Industrial Corridor, India, SASEC, SASEC Operational Plan