Asian Development Bank on Tuesday said it would raise one billion dollar through bonds in India to provide Rupee denominated loans to public sector undertakings or state government projects."We have sought permission from the government to raise one billion dollar. We expect the permission to be granted early this year," ADB Principal Economist (Indian Resident Mission) Narhari Rao told reporters in New Delhi.
He said the proposal is for a blanket loan and there is no time-frame for disbursing it.
The loans, mostly meant for infrastructure projects, would be disbursed as and when the demand arise, he added.
Courtesy : Express India
He said the proposal is for a blanket loan and there is no time-frame for disbursing it.
The loans, mostly meant for infrastructure projects, would be disbursed as and when the demand arise, he added.
Courtesy : Express India