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ADB to invest $10 billion in Indian infrastructure

ADB to invest $10 billion in Indian infrastructure

The Asian Development Bank (ADB) has pledged to invest $10 billion in India’s infrastructure over the next five years,largely aimed at low-income states.Part of ADB’s new strategy for India,the investment announcement was made by the multilateral agency’s president Takehiko Nakao in New Delhi.Of the $10 billion investment proposed 90 per cent will be spent on infrastructure creation in sectors like roads, rail, water supply, smart cities and green energy projects.

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