Industry

Indian Geography (Easy)

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The Visakhapatnam-Chennai Industrial Corridor is being funded by which of the following external agency?

Asian Development Bank (ADB)

World Bank(WB)

Asian Infrastructure investment Bank(AIIB)

New Development Bank(NDB)

Explanation:

Asian Development Bank (ADB) has approved US $631 million, in loans and grants, for VCIC, comprising a Multi-tranche Financing Facility. Four nodes namely: Visakhapatnam, Kakinada, Kankipadu-Gannavaram and Yerpedu- Srikalahasti of Andhra Pradesh, have been identified for development in Vishakhapatnam- Chennai Industrial Corridor (VCIC) on the basis of Conceptual Development Plan (CDP) prepared by ADB.

By: santosh

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