The bank classifies almost 40 member countries and territories as “developing,” including Cambodia, Pakistan and the Philippines. ADB President Masatsugu Asakawa The ADB has already given Rs.1673 crores to governments and businesses in developing countries so far during the coronavirus pandemic.
Asian Development Bank to give Rs.48 thousand crore to developing member countries for coronavirus response
Ponneri Terminal Development Project on 21,966 acres
Under the Chennai-Bangalore Business Route Program, the Ponneri Entrepreneurship Development Scheme will be implemented in Thiruvallur District with an area of 21,966 acres. The project has been approved by the state government agreement and the shareholders' agreement. As part of the East Coast Economic Highway Project, the Chennai-Kanyakumari industrial route project will be implemented with the assistance of the Asian Development Bank. The Tamil Nadu Industrial Development Institute will undertake the establishment of Career Innovation Centers at Sriperumbudur and Hosur. The Business Facilitation Center is being developed at Kesari. The Tamil Nadu Industrial Development Corporation (TDC) will set up a 6 crore liter water treatment plant at a cost of Rs 634 crore per day to cater to the needs of entrepreneurs located in Tuticorin and its surrounding areas. East Coast Highway: Aspart of the East Coast Economic Highway Project, the Chennai-Kanyakumari industrial route project will be implemented with the assistance of the Asian Development Bank. It has stated that Rs 2,500 crore has been allocated for the industry in the financial year 2020-21.
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