+
ADB Offers Up to USD 4.5 Billion Lending Support to India
ECONOMY & POLICY

ADB Offers Up to USD 4.5 Billion Lending Support to India

The Asian Development Bank (ADB) is prepared to offer sovereign lending of up to USD 4.5 billion annually to India, according to ADB President Masato Kanda. This financial support aligns with India’s developmental roadmap under the Viksit Bharat 2047 vision.

In a post shared on X, Kanda noted that he met Finance Minister Nirmala Sitharaman in New Delhi to strengthen ADB’s partnership with India. He confirmed that the multilateral funding institution could provide between USD 4 billion and USD 4.5 billion each year as sovereign lending.

In addition, ADB aims to extend nearly USD 1 billion through private sector financing and will work to mobilise supplementary third-party capital. These investments are expected to support various sectors contributing to India’s long-term growth strategy.

This announcement underscores ADB’s commitment to collaborating with India on critical infrastructure, sustainable development, and inclusive growth. It further reinforces the country’s objective of achieving developed economy status by 2047, with financing and expertise from global partners. 


Source

Press Trust of India (PTI)

The Asian Development Bank (ADB) is prepared to offer sovereign lending of up to USD 4.5 billion annually to India, according to ADB President Masato Kanda. This financial support aligns with India’s developmental roadmap under the Viksit Bharat 2047 vision. In a post shared on X, Kanda noted that he met Finance Minister Nirmala Sitharaman in New Delhi to strengthen ADB’s partnership with India. He confirmed that the multilateral funding institution could provide between USD 4 billion and USD 4.5 billion each year as sovereign lending. In addition, ADB aims to extend nearly USD 1 billion through private sector financing and will work to mobilise supplementary third-party capital. These investments are expected to support various sectors contributing to India’s long-term growth strategy. This announcement underscores ADB’s commitment to collaborating with India on critical infrastructure, sustainable development, and inclusive growth. It further reinforces the country’s objective of achieving developed economy status by 2047, with financing and expertise from global partners. Source Press Trust of India (PTI)

Next Story
Real Estate

No glass boxes!

India is moving away from the ‘glass box’ syndrome, all-glass façades that were widely used in commercial buildings in the last two decades but came at a significant environmental cost given the country’s predominantly hot and humid climate. Poor thermal performance, excessive heat gain and dependency on mechanical cooling systems made buildings with glass façades energy guzzlers and significantly increased their carbon footprint.That said, it’s important to be aware that “glass is not the enemy,” points out Heena Bhargava, Architect, Architecture Discipline. “How it ..

Next Story
Infrastructure Transport

Why do pavements fail?

India’s highways continue to expand at a healthy pace. But conversations on the surface quality of highways are growing louder because major deficiencies and black spots continue to be identified, and they are cause for concern.“Road surface roughness causes vehicle vibrations that, in turn, can affect the performance of drivers,” explains Dr V K Gahlot, Road Safety Auditor, Centre for Research and Sustainable Development (CfRSD). “Continuous exposure may induce fatigue, a contributory factor to road accidents. Road surface roughness also affects the vehicle operating cost...

Next Story
Infrastructure Urban

APAC Logistics Rents Fall for First Time Since 2020

Logistics rents across the Asia-Pacific region declined 0.4% year-on-year in H1 2025, marking the first annual drop since 2020, according to Knight Frank’s Logistics Highlights H1 2025 report. Despite global trade tensions and cautious occupier sentiment, India emerged as a standout performer, driven by robust manufacturing momentum and supply chain recalibration.Regional Trends and DivergenceWhile rents largely remained stable across most markets, regional differences became more pronounced:Mainland China continued to see rental declines, though the pace of decline moderated to 12.8% YoY, s..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?