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The East Coast Economic Corridor ( ECEC) is India ’s first coastal economic corridor, covering 2500 km of India's coastline, to be developed with the help of the Asian Development Bank (ADB). The ADB is to invest $500 million in infrastructural development of the project. [ 1]
The Asian Development Bank (ADB) is a regional development bank established on 19 December 1966, [4] which is headquartered in 6 ADB Avenue, Mandaluyong, Metro Manila 1550, Philippines. The bank also maintains 31 field offices around the world [5] to promote social and economic development in Asia.
In 2017, the Government of India launched a program to develop 35 multi-modal logistics parks across the country over the succeeding years and invited Asian Development Bank (ADB) to become a lead partner and provide the necessary support (Jeong, 2017). ADB then conducted a pre-feasibility study to assess the suitability of MMLP locations and ...
The Turkmenistan–Afghanistan–Pakistan–India (TAPI) Gas Pipeline, also known as Trans-Afghanistan Pipeline, is a natural gas pipeline being developed by the Galkynysh – TAPI Pipeline Company Limited [1][2] with participation of the Asian Development Bank. The pipeline will transport natural gas from the Galkynysh Gas Field in ...
Visakhapatnam–Chennai Industrial Corridor (VCIC), also Vizag–Chennai Industrial Corridor, is a key part of the East Coast Economic Corridor (ECEC), India's first coastal corridor. VCIC is aligned with the Golden Quadrilateral and is poised to play a critical role in driving India’s Act East Policy and Make in India campaign.
The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank and international financial institution that aims to collectively improve economic and social outcomes in Asia. [4] It is the world's second largest multi-lateral development institution. [5] Headquartered in Beijing, China, the bank currently has 109 members ...
In 2016, India approved $1.08 billion for construction and upgrading of 558 kilometres (347 mi) long roads that join Bangladesh, Bhutan and Nepal. The project will receive 50% funding from Asian Development Bank. The project is scheduled to be completed by 2018.
Look East policy (India) The Act East policy[1] is an effort by the Government of India to cultivate extensive economic and strategic relations with the nations of Southeast Asia to bolster its standing as a regional power and a counterweight to the strategic influence of the People's Republic of China. Initiated in 1991, the Look East policy ...