New Delhi, June 4 -- The Asian Development Bank (ADB) and Standard Chartered Bank have signed agreements to strengthen supply chain finance in India through risk-sharing arrangements covering both US dollar and Indian rupee transactions.

According to ADB, the agreements include a risk participation arrangement through Gujarat International Finance Tec-City (GIFT City) for US dollar-denominated transactions and a Partial Guarantee Facility Agreement for onshore Indian rupee transactions. The partnership aims to improve access to trade and supply chain finance for businesses operating in India and support the flow of domestic and cross-border trade.

The agreements were signed in Mumbai by ADB Vice-President Bhargav Dasgupta and Standard C...