New Delhi: Electric bus maker JBM ECOLIFE Mobility Pvt. Ltd (a subsidiary of JBM Auto Ltd) has secured $100 million funding from the Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB) to boost supply and operation of electric buses in the country, according to a release from the company. JBM ECOLIFE Mobility
The Asian Development Bank (ADB) has sanctioned a loan of $240.5 million to fund rooftop solar systems in India, bolstering the nation’s renewable energy expansion efforts, newswire ANI reported. Announced on Wednesday, this financing will support the second and third tranches of the Multitranche Financing Facility (MFF) Solar Rooftop Investment Program, initially approved by ADB
New Delhi: The Asian Development Bank (ADB) on Wednesday maintained India’s GDP growth forecast at 7 per cent for the current financial year, citing that a rebound in agriculture is expected given above-normal monsoon projections. The ADB forecast comes a day after the International Monetary Fund revised upward its GDP growth projections for India to
Manila: The Asian Development Bank (ADB) has kept India’s growth forecast unchanged at 7 per cent in 2024-25 as it sees the country as the fastest growing economy with robust growth in the industrial sector and a rebound in agriculture due to a better monsoon. The ADB projected India’s economy to grow faster at 7.2