India: Visakhapatnam–Chennai Industrial Corridor Development Program
The overall Program–comprising a multitranche financing facility and a policy-based loan–will help enhance growth and competitiveness, by boosting the manufacturing sector’s contribution to the state-level GDP, trade, and employment. This policy-based loan will support policy reforms and institutional development in the state of Andhra Pradesh.
| PROJECT DETAILS | ||
|
Commitment Date Funding Type Country Sector Status Total Cost |
23 Feb 2017 Loan India Economic Corridors Closed $125 million | |
| KEY OUTPUTS |
Industrial and sector policies to stimulate industrial development Improvement in investor promotion, trade facilitation, and logistics Support to enhance the ease of doing business, including the establishment of an e-portal and a single-desk system Capacity development of institutions engaged in corridor management |
| FINANCING |
$125 million (Asian Development Bank) |
