Search results
Results From The WOW.Com Content Network
The Asian Development Bank (ADB) is a regional development bank established on 19 December 1966, [3] which is headquartered in 6 ADB Avenue, Mandaluyong, Metro Manila 1550, Philippines. [4] The bank also maintains 31 field offices around the world [ 5 ] to promote social and economic development in Asia.
The ADB is to invest $500 million in infrastructural development of the project. [1] Since late 2013, ADB has been supporting studies on transport corridors in India. Phase 1 of the ECEC is Visakhapatnam-Chennai Industrial Corridor (VCIC) which had been approved by the ADB board in October 2016.
The 597-foot Statue of Unity in Gujarat – the tallest statue in the world [1]. This is a list of megaprojects in India."Megaprojects are temporary endeavours (i.e., projects) characterized by large investment commitment, vast complexity (especially in organisational terms), and long-lasting impact on the economy, the environment, and society".
In July 2016, the NDB signed with Asian Development Bank (ADB) a memorandum of understanding on strategic cooperation. The two institutions expressed willingness to work together through co-financing and knowledge exchanges in areas including sustainable development projects in renewable energy, energy efficiency, clean transportation ...
The World Bank, IMF, and Asian Development bank have all cooperated with the AIIB as a compliment to the Bretton Woods institutions and which further increases overall capacity for development funds. [83] Economist C. Fred Bergsten describes the AIIB as "helping meet a clear need for more infrastructure funding throughout Asia (and elsewhere)."
Considerable GDP growth of India post-liberalization initiatives of 1991 created immense employment potential. But, this economic growth did not translate into employment and created job shortages for skilled manpower. These challenges highlighted an immediate need for a skill development program in the country. [5]
India's line of credit to Africa is close to $9 billion, with projects taking up $7.4 billion. India sent a grant of $100 million to UN to fight Ebola and another $20 million bilaterally to Guinea to tackle the disease. [2] India was the first Asian country to become a member of the Africa Capacity Building Foundation (ACBF). [11]
Even before the advent of Five-Year plans of India, the practice of providing Central Assistance to the States to finance development schemes had been in vogue.After World War II, the Central Government along with Provincial Governments embarked on developmental projects which received Central Assistance in the form of grants that were called post-war development grants.