India to get $375 million ADB loan for Visakhapatnam-Chennai Industrial Corridor

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Loans and grants to develop 800-km Visakhapatnam-Chennai Industrial Corridor, which is the first phase of a planned 2,500-km East Coast Economic Corridor. To build key infrastructure in the four main centers along the corridor viz Visakhapatnam, Kakinada, Amaravati, and Yerpedu-Srikalahasti in Andhra Pradesh. Manila based ADB estimates that by 2025, annual industrial output along the corridor will increase four times to USD 64 billion from about USD 16 billion in 2015 if investment opportunities are maximized over the next few years.
More at https://infrastructureindia.gov.in

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