Article source
The Economic Times
Article date
Sun, Aug 25, 2013
NEW DELHI: In its first ever loan to private agribusiness in India, Asian Development Bank (ADB) will provide $18.4 million to Champion Agro to set up cold storage facilities for fruits and vegetables focusing on Gujarat.
"Up to 6,000 farmers in Gujarat could attain higher revenues from their crops with the construction of cold storage facilities for fruits and vegetables by Champion Agro using $18.4 million in funding from Asian Development Bank," ADB said in a release.