Global India » loan agreements http://www.globalindia.com Finance, Banking & Investing in India Wed, 23 Dec 2009 20:53:58 +0000 http://wordpress.org/?v=2.9 en hourly 1 India inks loan-agreement with Asian Development Bank http://www.globalindia.com/india-inks-loan-agreement-with-asian-development-bank.html http://www.globalindia.com/india-inks-loan-agreement-with-asian-development-bank.html#comments Wed, 23 Dec 2009 20:52:05 +0000 admin http://www.globalindia.com/?p=42 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

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