Electric bus manufacturer, JBM Ecolife Mobility, a subsidiary (JV) of JBM Auto has secured a USD 100 million strategic funding from the Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB), the company informed the exchange in a filing on Tuesday.
India on Wednesday signed a loan package of USD 500 million with the Asian Development Bank (ADB) to improve access to quality and affordable tertiary health care and medical education in Maharashtra.
The Asian Development Bank (ADB) has invested $100 million in Fourth Partner Energy to help India's commercial and industrial sectors switch to cleaner energy through large-scale solar, solar-wind hybrid, and rooftop solar projects, the ADB said in a press release on Tuesday.
As per ADB, Asia and the Pacific can effectively manage their demographic deficits through proactive regional migration policies and human capital investment.
The Asian Development Bank (ADB) and India signed a USD 200 million loan agreement to improve solid waste management and sanitation in 100 cities across eight states in India, said ADB on Tuesday.
The report identifies several key obstacles, such as the inadequacy of collateral, difficulties in verifying the creditworthiness of MSMEs, and the high transaction costs associated with providing small loans. These factors make lending to MSMEs less attractive for financial institutions.
The Asian Development Bank (ADB) has approved a loan of USD 240.5 million to finance rooftop solar systems in India, aiding the government's efforts to expand energy access through renewable energy.
The Asian Development Bank (ADB) kept the Indian economic growth forecast unchanged at 7 per cent for fiscal year 2024 in the latest Asian Development Outlook.
The Asian Development Bank (ADB) approved a USD 100 million policy-based loan to support and facilitate reforms in Sri Lanka, aimed particularly at enhancing the financial sustainability of the power sector in the island country.
Despite a substantial loan from the Asian Development Bank (ADB) aimed at bolstering reforms, the cumulative debt of PSEs has soared to PKR 1.7 trillion, with an additional borrowing exceeding Rs43 billion in the fiscal year 2024.
The Asian Development Bank (ADB) and the ENGIE group have signed a long-term loan agreement to construct and operate a 400-megawatt solar photovoltaic power plant in Surendranagar district in Gujarat, the regional development bank headquartered in Manila said in a release.