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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 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 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 ...
The South Asia Subregional Economic Cooperation (SASEC) Program, set up in 2001, brings together Bangladesh, Bhutan, India, Maldives, Myanmar, Nepal, and Sri Lanka in a project-based partnership to promote regional prosperity by improving cross-border connectivity, boosting trade among member countries, and strengthening regional economic cooperation. [1]
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 Regional Comprehensive Economic Partnership (RCEP / ˈɑːrsɛp / AR-sep) is a free trade agreement among the Asia-Pacific countries of Australia, Brunei, Cambodia, China, Indonesia, Japan, South Korea, Laos, Malaysia, Myanmar, New Zealand, the Philippines, Singapore, Thailand, and Vietnam. [2] The 15 member countries account for about 30% ...
The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is an international organisation of seven South Asian and Southeast Asian nations, housing 1.73 billion people and having a combined gross domestic product of US$5.2 trillion (2023). [ 6 ][ 7 ] The BIMSTEC member states – Bangladesh, Bhutan, India ...