Government Signs $484 Million Loan With ADB For Tamil Nadu Industrial Corridor


Tamil Nadu Industrial Corridor: The Asian Development Bank (ADB) and the central government signed a $484 million loan in order to improve the transport connectivity and facilitate the industrial development in Chennai–Kanyakumari Industrial Corridor or CKIC in Tamil Nadu. According to a statement released by the Ministry of Finance on Wednesday, June 16, the roadway infrastructural project stretches from West Bengal to Tamil Nadu and connects the country to the production networks of Southeast, South, as well as East Asia. (Also Read: Asian Development Bank Approves ₹ 3,533 Crore Loan For Tamil Nadu Industrial Corridor )

According to the statement, the Asian Development Bank is the lead partner of the central government in developing the country’s East Coast economic corridor or ECEC. The Chennai–Kanyakumari industrial corridor is a part of the East Coast economic corridor.

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