Facts for Prelims (FFP)
Source: LM
Context: The Asian Development Bank (ADB) and the Government of India have signed a $ 141 million loan agreement to support the development of infrastructure in three industrial clusters in Andhra Pradesh.
Clusters are:
- Visakhapatnam node: Rambilli and Nakkapalli industrial clusters; Nakkapalli cluster
- Srikalahasthi-Chittoor node: Chittoor–South industrial cluster; Naidupeta industrial cluster
This financing is part of a larger $500 million multi-tranche financing facility approved by ADB in 2016. The funds will be used to improve roads, water supply systems, and electricity distribution networks in the clusters.
Aim: To promote industrialization, boost manufacturing, enhance competitiveness, and create job opportunities in these areas. The project also includes measures to strengthen resilience to extreme weather, improve disaster risk management, and promote gender-responsive and socially inclusive development.
Other Industrial Corridors:
| Corridor | States Covered | Funding |
| Delhi-Mumbai Industrial Corridor (DMIC) | Uttar Pradesh, Haryana, Rajasthan, Madhya Pradesh, Gujarat, Maharashtra | Government of India, Japanese loans; Japan depository receipts issued by Indian companies |
| Chennai-Bengaluru Industrial Corridor (CBIC) | Tamil Nadu, Andhra Pradesh, Karnataka | Japan International Cooperation Agency (JICA) |
| Bengaluru-Mumbai Economic Corridor (BMEC) | Maharashtra, Karnataka | Developed with the help of Britain (UK) |
| Amritsar-Kolkata Industrial Corridor (AKIC) | Punjab, Haryana, Uttarakhand, Uttar Pradesh, Bihar, Jharkhand, West Bengal | Eastern Dedicated Freight Corridor is the backbone of this economic corridor. Being developed by the Government of India |
| East Coast Economic Corridor (ECEC) | West Bengal, Odisha, Andhra Pradesh, Tamil Nadu | Asian Development Bank (ADB) |
| Vizag-Chennai Industrial Corridor (VCIC) | Andhra Pradesh | Asian Development Bank (ADB) loans and grants |
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