Vaisakhi Offer- Use Code VAISAKHI24

Register Now

ABIS Exports Signs Agreement with ADB

Published on December 05, 2022
Current Context: ABIS Exports India Pvt. Ltd entered into an agreement on a sustainability-linked and blue-debt facility with the Asian Development Bank (ADB).
ABIS Exports Signs Agreement with ADB
  • It is a non-convertible debenture worth USD 16 million (INR 130 Cr) to enhance food security in India.
  • It will assist in the construction of specialized micro fish feed plants to increase feed efficiency and reduce water pollution.
  • It will also support the training of 6,000 farmers in climate-resilient fish farming practices by providing technical assistance of USD 500,000.
  • This is ADB’s first private sector sustainability-linked financing and includes targets such as emission reduction, water conservation, farmer training, etc.
  • The ADB is a regional development bank that aims to promote social and economic development and was established in 1966 with its headquarters in Mandaluyong, Philippines. The current President of the bank is Masatsugu Asakawa.
  • ABIS Exports India Pvt. Ltd was established in 1998 with its headquarters in Rajnandgaon, Chhattisgarh. The current MD of the company is Bahadur Ali.

Question:

Q.1 Which of the following entered into an agreement on a sustainability-linked and blue-debt facility with the Asian Development Bank (ADB)?
a. Kiran Gems Pvt. Ltd
b. Rajesh Exports
c. ABIS Exports India Pvt. Ltd
d. International Lace Trade Center
ebook store

About us

ramandeep singh

Ramandeep Singh is a seasoned educator and banking exam expert at BankExamsToday. With a passion for simplifying complex concepts, he has been instrumental in helping numerous aspirants achieve their banking career goals. His expertise and dedication make him a trusted guide in the journey to banking success.

  • Follow me:
Close Menu
Close Menu