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Government of India and Asian Development Bank Sign 120 Million Loan Agreement to Modernize Irrigation and Improve Water Management in Odisha

News and Press Release - Dated:- 7-6-2016 - Government of India and the Asian Development Bank (ADB) signed a $120 million loan agreement here today to improve irrigation and water management infrastructure in Odisha. The loan is the second tranche of a $157.5 million financing facility under the Orissa Integrated Irrigated Agriculture and Water Management Investment Program. The financing will be used for modernizing seven irrigation subprojects resulting in improved irrigation in over 100,000 .....

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India and ADB respectively. A separate project agreement was signed by Sh. P.K. Jena, Principal Secretary, Water Resource Department of Government of Odisha. Speaking on the occasion, Shri Raj Kumar said that agriculture is a priority sector for India and especially for Odisha because of its high potential to generate jobs and contribute to inclusive and sustainable economic growth. The project aims to improve existing irrigation infrastructure, operation and maintenance, and water use efficien .....

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