Standard Post with Image

SAARC Development Fund for Infrastructure Utilization : A Push for Cross Border Projects,Trade and Growth

News

The Cabinet approved the proposal to permit utilisation of India's capital contribution to SDF for Economic and Infrastructure Windows.There are no additional financial implications for India, as it only entails a restructuring of India's capital contribution to the SDF.

Source: ET

SNP Insights:

Goverment's decision to utilize the SAARC developement fund for  economic and infrastructure window  is expected to bring a push to the upcoming cross border infrastructure projects like BBIN. This is also expected to back the non infrastructural funding between the SAARC countries and results in an improved trade as well as growth in the SAARC region.

Source: SNP Infra Research