SRINAGAR, Feb 26: Occupied Kashmir will receive "liberal financial support" for modernisation projects from the Asian Development Bank (ADB), the government said on Thursday.

A visiting trio of the bank's top executives gave the assurance at a meeting on Wednesday night with Deputy Chief Minister Mangat Ram Sharma, the Indian Kashmir government said in a statement.

"The areas where the ADB funding would be required include modernisation and overhauling of power supply systems, sewerage and drainage in Srinagar and Jammu, besides other towns," the statement said.

The government also wants the ADB's help to improve the supply of drinking water and to create housing for poorer communities. The revival of the Kashmiri silk industry, the promotion of handicrafts, food-processing, floriculture, herbal plants and tourism were also discussed. -AFP