HYDERABAD, April 11: The Industrial Development Bank of India (IDBI) has proposed to fund to the tune of US $ 150 million in association with Asian Development Bank (ADB) to implement the modernisation and upgradation programme of the existing plants to enhance the productivity through energy efficient methods.According to P V Narasimham, executive director of IDBI, the bank has identified five major industries -- fertilisers, cement, sugar, metals, and textiles -- for providing financial assistance to specific projects for their energy efficiency and related environmental improvement projects.
As of now, IDBI has sanctioned about US $ 146 million worth of proposals from the companies.
Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
