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The Economic Times
The Economic Times

ADB, StanChart ink partnership to support Indian firms across supply chains

ADB Supply chain India Asian Development Bank Standard Chartered Bank United States Asia

New Delhi: Manila-based multilateral funding Asian Development Bank (ADB) and Standard Chartered Bank have signed agreements to strengthen supply chain finance in India through risk-sharing arrangements covering both USD and rupee transactions.

The agreements include a risk participation arrangement structured through Gujarat International Finance Tec-City (GIFT City) to support US dollar-denominated transactions, and a partial guarantee facility agreement to support onshore rupee transactions, ADB said in a statement on Wednesday.

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