ADB unveils new strategy, prioritising urban schemes in India

01 Jun 2023 CW Team

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.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..