J.P. Morgan, ADB partner to widen working capital financing access for Indian firms
JPM•J.P. Morgan and the Asian Development Bank will expand their risk-sharing working capital financing program to India. It will target businesses in food, pharmaceuticals, electric vehicles, renewable energy and sustainability-focused sectors; no financing amount or launch date was specified.
1. Program expansion
The program will help manufacturers, buyers and suppliers secure funding for growth and trade as businesses face challenges from increasingly complex global supply chains. It is part of ADB’s trade and supply chain finance program, combining the bank’s guarantee with J.P. Morgan Payments’ financing capabilities.
