JBM has got the approval form the ADB and AIIB to expand the electric car and vehicle in India. JBM got the amount of the 7.2 Billion Rupees to increase the business in Electric Vehicle. The ABD and Asian Infrastructure Investment Bank are giving the bulk amount to make the good space in field of the Electrical Vehicle.
This funding and investment will increase the number of the 650 buses of Electric in India. This company is based in Gurgram Haryana. This amount will be used by the JMB in Infrastructure Maintenance, Charging pot, Depots in Haryana and Gurugram. ADB announced the agreement for 7.2 Billion debt package with the MOU AIIB 3.6 Billion.
Purpose of this contract
- To increase the Electric Vehicle
- Improve the easy transport and jobs opportunities.
- Increase the job opportunities for women and men both.
- Customer satisfaction with help of the best buses.
- Total 20000 bus capacity of the JBM every month.
About ABD (Asian Development Bank)
- President of the ADB- Masatasugu Asakawa
- Head Quarter – Manila Philippines
- Established – 1966
Govt Exam Related Questions from this Topics
Q. Which type of the JBM company?
A. JBM Company is the EV vehicle manufacturing company in Haryana.
Q. What is the Head Quarter of the ADB Bank?
A. The ADB bank head quarter is Manila Philippines/
Q. How much amount ADB has given to JBM company?
A. The total 7.2 Billion amount given to JBM company in Haryana.