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ASIAN DEVELOPMENT BANK WILL GIVE INDIA MORE THAN 6 BILLION IN UPCOMING YEARS



India will get loan of about $ 6 billion from the Asian development bank (ADB) over the next three years for various projects including those in energy and education sectors.

"Our idea is ADB will maintain its lending level to India, approximately $ 2 billion over next three years.

"We are now working on the country partnership strategy and we are planning to maintain the level of lending to India," ADB PRESIDENT said at the concluding day of the 46th annual meeting of the  funding agency here.

India is the biggest borrower of ADB as the Manila-based multilateral lender had extended $ 2.4 billion loan to it in 2012 across sectors like transport, energy, commerce and industry, trade, finance, agriculture and natural resource management and it will like to continue extending assistance in these sectors.

Nakao said that the bank will continue to lend $ 10 billion a year across the member-nations despite generating lower return from investments.
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