India Gets $500M ADB Loan for Green Growth
POWER & RENEWABLE ENERGY

India Gets $500M ADB Loan for Green Growth

The Indian government and the Asian Development Bank (ADB) have signed a $500 million loan agreement to finance green and sustainable infrastructure projects, advancing the country’s climate action goals.

The loan, backed by a sovereign guarantee, will be channelized through the India Infrastructure Finance Company Limited (IIFCL). The funds are expected to support projects focusing on energy transition, connectivity, urban development, education, and healthcare.

“ADB financing will help IIFCL provide long-term capital for critical infrastructure projects while addressing under-resourced sectors like urban projects and health care,” said Mio Oka, ADB’s Country Director for India.

The initiative will also strengthen IIFCL’s institutional capacity by integrating green practices into infrastructure planning. The Ministry of Finance stated that a sustainability unit, an environmental framework, and a project scoring method to assess sustainability ratings will be established.

Additionally, the project aims to attract private sector investments by mitigating risks and expanding IIFCL’s financial product offerings.

This partnership underscores the importance of innovative financing platforms in meeting India's net-zero commitments.

Meanwhile, last week, India and ADB signed a $350 million policy-based loan under the SMILE programme to reform the logistics sector and strengthen domestic manufacturing resilience.

The Indian government and the Asian Development Bank (ADB) have signed a $500 million loan agreement to finance green and sustainable infrastructure projects, advancing the country’s climate action goals.The loan, backed by a sovereign guarantee, will be channelized through the India Infrastructure Finance Company Limited (IIFCL). The funds are expected to support projects focusing on energy transition, connectivity, urban development, education, and healthcare.“ADB financing will help IIFCL provide long-term capital for critical infrastructure projects while addressing under-resourced sectors like urban projects and health care,” said Mio Oka, ADB’s Country Director for India.The initiative will also strengthen IIFCL’s institutional capacity by integrating green practices into infrastructure planning. The Ministry of Finance stated that a sustainability unit, an environmental framework, and a project scoring method to assess sustainability ratings will be established.Additionally, the project aims to attract private sector investments by mitigating risks and expanding IIFCL’s financial product offerings.This partnership underscores the importance of innovative financing platforms in meeting India's net-zero commitments.Meanwhile, last week, India and ADB signed a $350 million policy-based loan under the SMILE programme to reform the logistics sector and strengthen domestic manufacturing resilience.

Next Story
Infrastructure Energy

South West Pinnacle Wins Rs 30 Cr Oman Mining Contract

South West Pinnacle Exploration Ltd has secured a Rs 30 crore contract from Minerals Development Oman (MDO) for mining exploration in concession areas 12B and 13.The two-year project will be carried out via Alara Resources LLC, a JV in Oman. MDO, backed by Oman’s investment authorities, focuses on monetising mineral wealth.The contract covers copper, gold, and chromite and highlights South West Pinnacle’s growing footprint in international exploration and mining services. ..

Next Story
Equipment

Godrej GEG Boosts Intralogistics with AI and Green Tech

Godrej Enterprises Group (GEG) is revolutionising warehouse and factory logistics through its Material Handling Equipment and Storage Solutions arms by integrating AI, IoT, and automation.With 20–25% market share and 85% local sourcing, GEG champions Atmanirbhar Bharat and sustainability. The Chennai plant, a green manufacturing leader, uses RoHS-compliant materials and has slashed energy consumption by 60%.GEG serves e-commerce, FMCG, retail, and cold chains with high-performance racking and electric forklifts. Upcoming IoT-enabled forklifts and telematics solutions aim to improve speed, sa..

Next Story
Infrastructure Urban

Amit Shah Inaugurates Key Projects Across Gujarat

Union Home Minister Amit Shah inaugurated and laid the foundation stone for various projects in Gujarat’s Panchmahal district and Ahmedabad.In Godhra, he inaugurated the Center of Excellence building, sports complex, reservoir, and Miyawaki plantation. In Ahmedabad, he unveiled a new cooperative complex in Adaroda village and a primary school in Juwal.These projects, under the Model Co-op Village scheme, aim to boost education, sustainability, and rural development across the state. ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?