Asian Development Bank

IIFCL plans $1 billion loan, in talks for $400 million ADB funding

IIFCL is the latest company to tap into the foreign lending market after the Reserve Bank of India introduced a series of measures to boost dollar inflows and support the rupee

ADB offers assistance to develop industrial, logistics infra in West Bengal

The Asian Development Bank has offered financial assistance to the West Bengal government for developing infrastructure to support industrial growth in the state, a senior official at the state secretariat said on Wednesday. The proposal came when an Asian Development Bank (ADB) delegation met a top bureaucrat at the Chief Minister's Office on Tuesday, a day after the state budget was presented, he said. "ADB has indicated its willingness to support the state in building economic regions that can improve industrial connectivity, logistics and urban infrastructure. Discussions are at a preliminary stage, but the proposals are significant," a senior bureaucrat at Nabanna told PTI. It has expressed interest in extending loans for a range of infrastructure projects, including the development of City Economic Regions (CERs), logistics hubs and tourism-related facilities in the state, he said. ADB has proposed the creation of two City Economic Regions in West Bengal. One would cover ...

India remains ADB's largest pvt sector market; eyes ₹1 bn in direct support

India continues to be the largest market for the Asian Development Bank's private sector operations, with the multilateral lender expecting to provide about USD 1 billion in direct financing this year to support projects aligned with the country's development objectives. "Last year, we did more than USD 4 billion for sovereign and more than USD 1 billion for the private sector from our own capital," Asian Development Bank (ADB) Vice-President (Market Solutions) Bhargav Dasgupta told PTI in an interaction. Besides, he said, "We mobilised an equal amount for them from other sources. In effect, the flow was USD 2 billion to private sectors through the ADB in 2025". Asked about the plan for this year, Dasgupta said, "We will maintain the tempo on the private sector side". Talking about the focus area, as far as private sector finances are concerned, he said renewal and clean energy, green hydrogen, e-mobility and green data centres are some of the segments that ADB would continue to ..

India seeks $2.5 billion funds from World Bank, ADB for infra growth

World Bank and Asian Development Bank are in discussions to disburse loans worth $1.5 billion and $1 billion, respectively, with announcements likely within the next two months

ADB launches $70 bn push to connect Asia's power grids, digital networks

The Asian Development Bank (ADB) on Sunday said it will back USD 70 billion in new energy and digital infrastructure initiatives across Asia and the Pacific by 2035, aimed at strengthening cross-border connectivity and expanding access to electricity and broadband. Energy and digital access will play a defining role in shaping the region's future, adding that the initiatives seek to link power grids and digital networks to lower costs and expand opportunities, ADB President Masato Kanda said while speaking to the media at the 59th annual meeting of the bank here. The bank announced two major programmes -- the Pan-Asia Power Grid Initiative and the Asia-Pacific Digital Highway -- with proposed investments of USD 50 billion and USD 20 billion, respectively. "These two initiatives build the systems Asia and the Pacific need to grow, compete, and connect. By linking power grids and digital networks across borders, we can lower costs, expand opportunity, and bring reliable power and ...

ADB suggests unified social protection framework to cut duplication

The Asian Development Bank (ADB) on Friday said India can enhance its social protection efforts by adopting an "integrated social protection framework" that aims to reduce duplication of benefits, improve targeting and free up fiscal resources for long-term growth. Outlining the policy challenges in India, ADB, in its Asia Development Outlook report said multiple central and state schemes serve overlapping beneficiary groups, with limited coordination on eligibility, benefit levels, or delivery. "A unified framework -- combining pensions, health insurance, and disability coverage, complemented by contributory schemes -- would reduce duplication of benefits and better address the varied vulnerabilities of individuals," it said. This can enable a differentiated approach at the state level, where social protection needs can vary by demographic profile, employment structure, and fiscal capacity. Such an approach would allow governments to maintain or strengthen the protective function

VA TECH WABAG wins ₹1,000 crore ADB-funded Chennai water grid project

Water technology company VA TECH WABAG on Saturday said it secured an Asian Development Bank (ADB)- funded order worth Rs 1,000 crore from the Chennai Metropolitan Water Supply and Sewerage Board (CMWSSB). The order is to develop a looped transmission network under the Chennai Climate Resilient Water Security and Sewerage Project (CCRWSSP) for Greater Chennai City. The ADB-funded project will establish a city-wide water grid platform for Chennai, enabling flexible water routing, improved pressure management, and greater operational reliability under both normal and emergency conditions, WABAG said in a statement. "This Rs 1,000 crore project marks an important step towards building a resilient and future-ready water infrastructure for Chennai. The development of a citywide water grid will significantly enhance the city's supply reliability, operational flexibility, and climate resilience," WABAG Chief Executive Officer - India Cluster, Shailesh Kumar said. The project will be ...

ADB flags India's oil vulnerability amid rising West Asia tensions

ADB says India's crude oil reserves of about 100 million barrels-enough for 40-45 days-leave the country exposed to potential supply disruptions through the Strait of Hormuz

ADB gives nod to extend ₹4,100 cr loan to Musi river development: Minister

The has in principle agreed to extend Rs 4,100 crore (USD 500 million) to the Telangana Government for some parts of phase-I of Musi River Development Project, Minister D Sridhar Babu said on Friday. Replying to a query during the question hour in the Assembly, Sridhar Babu said the state government has also sent a preliminary project report to the Ministry of Jal Shakti seeking Rs 3,188 crore under the National River Conservation Plan for the Musi river project. "The entire project has been divided into five zones. DPR for Zone I is in progress. Of the total 55 Km in Zone-I, 21 Km in the first phase is being undertaken by Musi Riverfront Development Corporation (MRDCL). Asian Development Bank (ADB), in principle, agreed to extend a loan of Rs 4,100 crore ( USD 500 million)," the Industries Minister told the Assembly. A consortium of Singapore's independent engineering firm Meinhardt, as a lead member and Cushman & Wakefield India, and RIOS design Studio has been appointed to ...

ADB raises India's growth forecast by 70 bps to 7.2% on consumption boost

ADB has sharply raised India's FY26 growth forecast to 7.2% on stronger consumption post tax cuts, while inflation estimates have been lowered as prices soften and demand strengthens

India's strong growth, tech demand brighten developing Asia prospects: ADB

Growth in 2025 is now projected at 5.1 per cent, up from the 4.8 per cent forecast in September, the ADB said in an update to its Asian Development Outlook

ADB approves $650 mn loan to boost India's rooftop solar rollout by 2027

Multilateral development bank ADB has approved a USD 650 million (about Rs 5,780 crore) policy-based loan to help the Government of India accelerate rooftop solar adoption and expand access to clean, affordable energy for 10 million households by 2027. The financing under Subprogram 1 of the Accelerating Affordable and Inclusive Rooftop Solar Systems Development Program will support the government's flagship initiative Pradhan Mantri Surya Ghar: Muft Bijli Yojana (PMSGMBY) which aims to make rooftop solar systems widely accessible nationwide, ADB said in a statement on Tuesday. The programme is accelerating India's clean energy transition by removing long-standing barriers to rooftop solar adoption, including financing constraints and regulatory gaps, ADB Country Director for India Mio Oka said. It is making rooftop solar affordable and accessible for millions of households while creating green jobs, empowering women, and strengthening the financial health of the power sector, she

Indian govt, ADB sign $800 mn loan pacts for key projects in three states

The government of India and the Asian Development Bank (ADB) has signed agreements for three loans worth over USD 800 million for projects in Maharashtra, Madhya Pradesh and Gujarat. Accordingly, the loan agreements for the Maharashtra Power Distribution Enhancement Programme for Agricultural Solarization (USD 500 million), Indore Metro Rail Project (27,147,200,000 yen, equivalent to USD 190.6 million), and Gujarat Skills Development Programme (USD 109.97 million) were signed, a finance ministry statement said on Saturday. In addition, a Technical Assistance (TA) grant of USD 1 million was also signed to provide implementation support for the upcoming Sustainable Wetland and Integrated Fisheries Transformation (SWIFT) Project in Assam, designed to enhance the state's wetland ecosystems and fisheries. The Maharashtra project aims to modernise rural power infrastructure, promote distributed renewable energy generation, and improve agricultural productivity by providing farmers with ..

ADB clears $400 mn loan to improve road connectivity in Maharashtra

The Asian Development Bank (ADB) on Tuesday said it has approved a USD 400 million results-based lending (RBL) program to improve road connectivity in Maharashtra. The loan will be used to improve road connectivity in 34 districts, particularly in the climate-vulnerable and economically lagging Marathwada and Vidarbha regions, linking rural communities to markets, logistics hubs, healthcare, education, and other essential services. Over 1.7 million people living within walking distance of improved roads will benefit, including residents of at least 80 villages and around 410 rural communities, the multilateral development bank said in a statement. These upgrades cover nearly 350 kilometers (km) of state highways and 2,577 km of rural roads. "The program seeks to foster balanced and inclusive economic growth in Maharashtra by improving road connectivity to rural villages, post-harvest centers, and essential social services," ADB Country Director for India Mio Oka said. The RBL moda

ReNew secures $331 mn funding from ADB for Andhra renewable energy project

ReNew had, in April 2025, announced a $2.5 billion investment to develop a 2.8 GW hybrid renewable energy complex in Andhra Pradesh - one of India's largest projects at a single location

ADB lowers FY27 India growth forecast to 6.5% citing US tariff impact

The Asian Development Bank lowered India's FY26 growth projection to 6.5% from 6.7%, citing steep US tariffs that could hit exports, manufacturing and investment in key sectors

Villages now lead India's manufacturing output, urban share falls below 50%

The latest Annual Survey of Industries 2023-24 shows that it was at 49.5 per cent, the fourth year in a row that urban areas have been a minority contributor to manufacturing output

India, ADB sign $125 mn loan pact to boost urban services in Assam

The Government of India and the Asian Development Bank (ADB) on Monday signed a USD 125-million loan agreement with an aim to enhance urban livability and bolster climate resilience in six districts of Assam. The project will benefit 360,000 residents of Assam by delivering continuous metered water supply and upgrading storm water management systems, the finance ministry said in a statement. It also seeks to strengthen urban governance through institutional reforms and capacity building, it said. Key infrastructure investments include the construction of six water treatment plants with a combined capacity of 72 million litres per day and 800 km distribution pipelines in the district headquarters of Barpeta, Bongaigaon, Dhubri, Goalpara, Golaghat, and Nalbari, it said. The project will also deploy a real-time monitoring system, aiming to maintain non revenue water below 20 per cent, it said. In Guwahati, the project will enhance storm water management in the Bahini Basin with flood

India, ADB sign $126 mn loan deal to boost tourism in Uttarakhand

India and the Asian Development Bank (ADB) have signed a USD 126.42-million loan agreement to promote rural development through sustainable tourism in the Tehri Lake region of Uttarakhand. The project aims to benefit over 87,000 residents and 2.7 million annual visitors through improved tourism planning, upgraded infrastructure, enhanced sanitation and waste management, and disaster preparedness. The project targets the Tehri Garhwal District, one of Uttarakhand's most climate-vulnerable and economically disadvantaged regions. "The ADB loan supports the Government of Uttarakhand's policy to position the state as a diversified, all-weather tourism destination, with Tehri Lake identified as a priority area for development," said Juhi Mukherjee, Joint Secretary, Department of Economic Affairs, Ministry of Finance. "The project showcases a model for sustainable tourism anchored around a hydropower lake by adopting a multi-sector approach to generate jobs, diversify income, and build ..

'Asia must open up': ADB president says world won't return to pre-Trump era

Asian Development Bank (ADB) President Masato Kanda urges regional reform and integration, announces $10 bn each for Asean power grid and India's metro projects