The Asian Development Bank’s (ADB) venture capital arm ADB Ventures has provided the Good Bricks System, a non-fired brick making solution in Nepal, a $125,000 grant to reduce the industry’s harmful impact on the environment and health.

The grant gives ADB Ventures the option to make a future equity investment in the Good Bricks System.

South Asia is home to nearly a quarter of total global brick production. Demand for bricks is being fueled by rapid urbanization and the need to construct housing and transport infrastructure.

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