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ADB sanctions $85.4 million loan for Tripura Industrial Infra Dev
Utkarsh Classes
Updated: 18 Apr 2025
2 Min Read
The Asian Development Bank (ADB) has approved a $85.4 million loan to finance critical industrial infrastructure in the nine industrial estates of Tripura. The Asian Development Bank Board approved the loan in a meeting in Mandaluyong, Metro Manila, Philippines. The loan is expected to boost the state’s competitiveness in the manufacturing sector, integration into regional and global value chains, and create employment opportunities.
Emphasis on women's empowerment
The nine Industrial estates of the Tripura government to be funded are Bodhjungnagar Industrial Estate, Kumarghat Industrial Estate, R.K. Nagar Industrial Estate, Dharmanagar Industrial Estate, Dhajanagar Industrial Estate, Dukli Industrial Estate, Deewanpasma Industrial Estate, Nagicherra Industrial Estate and Sarasima Industrial Estate.
The Asian Development Bank is one of the regional multilateral development banks established worldwide.
The ADB focuses on lending in the Asia-Pacific region.
It provides loans for poverty alleviation programmes, infrastructure development, and climate-resilient projects, among others, to its member countries.
The ADB also provides financial assistance to the private sector through loans or equity investments.
Members- 69 countries
Headquarters: Mandaluyong City, Metro Manila, Philippines
President: Masato Kanda
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