ADB unveils new strategy, prioritising urban schemes in India
ECONOMY & POLICY

ADB unveils new strategy, prioritising urban schemes in India

The Asian Development Bank (ADB) has outlined its commitment to India's urban-focused flagship programs and schemes in its newly unveiled country partnership strategy. The ADB's operations in India from 2023 to 2027 will prioritise initiatives aimed at driving structural transformation, fostering job creation, promoting climate-resilient growth, and strengthening social and economic inclusiveness.

While specific details regarding the monetary outlay and implementation of contributions to central and state schemes were not provided, the ADB emphasised its intent to deepen engagement with India and support the nation's pursuit of robust, climate-resilient, and inclusive growth. The strategy recognises the potential of urban areas as engines of growth, aiming to unlock their full potential, enhance industrial competitiveness, and generate employment opportunities in formal manufacturing and services sectors.

Highlighting India's swift recovery from the impact of the COVID-19 pandemic, the ADB acknowledged the country's projected economic growth of 6.4% in FY24, ranking it among the fastest-growing major global economies. This aligns with the Indian government's own projection of 6.5% GDP growth for the current fiscal year. However, the ADB emphasised the need for India to address critical challenges related to infrastructure and human development, income and regional disparities, as well as vulnerability to climate change and natural hazards to sustain inclusive growth.

The new strategy is the result of extensive consultations with government counterparts, the private sector, and other stakeholders within India. Its objective is to support India in achieving a higher growth trajectory. Takeo Konishi, ADB Country Director for India, expressed the bank's commitment to this goal and its determination to work closely with Indian authorities and stakeholders to drive progress.

The Asian Development Bank (ADB) has outlined its commitment to India's urban-focused flagship programs and schemes in its newly unveiled country partnership strategy. The ADB's operations in India from 2023 to 2027 will prioritise initiatives aimed at driving structural transformation, fostering job creation, promoting climate-resilient growth, and strengthening social and economic inclusiveness. While specific details regarding the monetary outlay and implementation of contributions to central and state schemes were not provided, the ADB emphasised its intent to deepen engagement with India and support the nation's pursuit of robust, climate-resilient, and inclusive growth. The strategy recognises the potential of urban areas as engines of growth, aiming to unlock their full potential, enhance industrial competitiveness, and generate employment opportunities in formal manufacturing and services sectors. Highlighting India's swift recovery from the impact of the COVID-19 pandemic, the ADB acknowledged the country's projected economic growth of 6.4% in FY24, ranking it among the fastest-growing major global economies. This aligns with the Indian government's own projection of 6.5% GDP growth for the current fiscal year. However, the ADB emphasised the need for India to address critical challenges related to infrastructure and human development, income and regional disparities, as well as vulnerability to climate change and natural hazards to sustain inclusive growth. The new strategy is the result of extensive consultations with government counterparts, the private sector, and other stakeholders within India. Its objective is to support India in achieving a higher growth trajectory. Takeo Konishi, ADB Country Director for India, expressed the bank's commitment to this goal and its determination to work closely with Indian authorities and stakeholders to drive progress.

Next Story
Infrastructure Transport

CPCL crosses $10 million revenue milestone

Chaitanya Projects Consultancy (CPCL), a leading infrastructure and engineering consultancy, has surpassed $10 million in annual revenue for FY 2024–25, marking a five-year compound annual growth rate of 28.2 per cent—well above the industry average. Established in 2004, CPCL has delivered over 300 projects across highways, bridges, urban infrastructure, water, transport, and environmental sectors. Its achievements include over 600 km of six-lane highways, 2,000 km of national highways, and 100 major bridges. “Our goal has always been to improve India’s infrastructure,” sai..

Next Story
Resources

KPIL secures new orders worth Rs 37.89 billion

Kalpataru Projects International Ltd (KPIL), a major EPC player in power transmission and civil infrastructure, has secured new orders worth approximately Rs 37.89 billion along with its international subsidiaries. The orders include a significant contract in the Buildings and Factories (B&F) segment in India, marking KPIL’s largest B&F order to date. The project involves the development of over 12 million sq ft of residential space with supporting infrastructure, awarded on a design-build basis. Additionally, the company has won new transmission and distribution (T&D) order..

Next Story
Real Estate

Apartment loading rises to 40 per cent in top cities

Driven by rising demand for premium amenities, the average apartment loading across India’s top seven cities has reached 40 per cent in Q1 2025, up from 31 per cent in 2019, according to ANAROCK Research. The loading factor, or the area paid for beyond the usable carpet area, covers common spaces such as lobbies, staircases, and clubhouses. Mumbai Metropolitan Region (MMR) continues to lead with the highest loading at 43 per cent. Bengaluru saw the sharpest jump, from 30 per cent in 2019 to 41 per cent in Q1 2025. Chennai recorded the lowest average loading at 36 per cent. “Sixty..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?