The Asian Development Bank (ADB) and the Government of India on June 16, 2021 signed a $484 million loan to improve transport connectivity and facilitate industrial development in the Chennai–Kanyakumari Industrial Corridor (CKIC) in the state of Tamil Nadu.
- CKIC is part of India’s East Coast Economic Corridor (ECEC), which stretches from West Bengal to Tamil Nadu and connects India to the production networks of South, Southeast, and East Asia.
- ADB is the lead partner of the Government of India in developing ECEC.
