Thursday, Mar 28 2024 | Time 20:20 Hrs(IST)
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Business Economy


Loan pact to support IIFCL signed by Govt, ADB

New Delhi, Nov 16 (UNI) A 300 million dollars loan agreement to support lending by India Infrastructure Finance Company Limited (IIFCL) was signed by the Government and the Asian Development Bank (ADB).
The project supports the renewed effort of the Union Government in accelerating infrastructure growth through increased private sector investment.
The project is relevant and responsive to the constraints to bank based infrastructure financing, fiscal space creation, and repercussions on GDP growth.
The 300 million loan is expected to help catalyse the financial closing of 2.4 billion dollars in investments. In addition, the attached technical assistance will support IIFCL capacity development and will focus on IIFCL’s financial management and social and environmental safeguards.

UNI SW RSA 1825
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Luminous enters solar panel mfg; 250 MW facility launched with initial investment of Rs 120 cr

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Kottayam-Kochi Rubber Market rates

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Indian Oil dispatches its first packed LPG truck load from Sitarganj bottling unit

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