Indian Finance Ministry reveals that India has signed two loan agreements totaling $850 million with the Asian Development Bank (ADB).

The ADB will provide a $700-million loan, in three parts in as many years, to state-run India Infrastructure Finance Company Ltd., in order to support the country’s infrastructure programme.
The Manila-based bank will give loan amounting to $150 million for the restructuring and development of Khadi industry, which makes India’s conventional handspun fabric.

Source: The Financial Express