ADB proposes up to $25 billion development support to India
NEW DELHI (Reuters) - The Asian Development Bank's (ADB) president has proposed up to $25 billion development support to India over 5 years in a meeting with Prime Minister Narendra Modi on Tuesday, a statement from the bank said.
"ADB will provide multifaceted support for India's key priorities," the statement quoted ADB president Masatsugu Asakawa as saying.
This includes support for an infrastructure push a under a connectivity plan, support for building cities, mobilising domestic resources and strengthening basic services in disadvantaged districts, the statement added.
(Reporting by Shivam Patel in New Delhi; Editing by Alex Richardson)