India, ADB Seal $800 Mn Loans and TA Grant for Multi-state Projects

01 Dec 2025 CW Team

Saurabh Singh, Deputy Secretary, Department of Economic Affairs, Ministry of Finance, signed the loan documents on behalf of the Government of India, while Mio Oka, Country Director, India Resident Mission, represented ADB. The loans cover the Maharashtra Power Distribution Enhancement Programme for Agricultural Solarization; the Indore Metro Rail Project (approximately $190.6 million); and the Gujarat Skills Development Programme ($109.97 million).

The $500 million programme in Maharashtra aims to modernise rural power systems, integrate renewable energy and ensure daytime solar electricity for irrigation. By 2028, the initiative targets supplying reliable solar power to at least 900,000 agricultural consumers. Planned upgrades include strengthened substation capacity, enhanced distribution lines and the installation of 500 MWh of battery storage to support renewable integration.

For Madhya Pradesh, the Yen-denominated loan will support construction of an 8.62-kilometre underground metro corridor in Indore, comprising seven stations that will link core commercial areas with the airport. Implemented by the Madhya Pradesh Metro Rail Corporation, the project includes multimodal integration with bus and feeder services and is expected to begin operations by January 2030.

In Gujarat, the nearly $110 million skills programme seeks to equip the state’s workforce with advanced, industry-ready capabilities in high-growth sectors such as automotive, logistics, manufacturing, IT, renewable energy, healthcare and agri-tech. Led by the Labour, Skill Development and Employment Department and Kaushalya – The Skill University, the initiative will upgrade 11 mega ITIs, create centres of excellence and adopt a hub-and-spoke model involving industry partnerships.

Additionally, a $1 million Technical Assistance grant will support preparation of the Sustainable Wetland and Integrated Fisheries Transformation (SWIFT) Project in Assam, aimed at strengthening wetland ecosystems and fisheries management.

News source: PIB

The Government of India and the Asian Development Bank (ADB) have formalised three major loan agreements worth more than $800 million, along with a $1 million Technical Assistance grant, to advance infrastructure and skill development initiatives across Maharashtra, Madhya Pradesh, Gujarat and Assam. The agreements were signed yesterday following negotiations led by the Department of Economic Affairs.Saurabh Singh, Deputy Secretary, Department of Economic Affairs, Ministry of Finance, signed the loan documents on behalf of the Government of India, while Mio Oka, Country Director, India Resident Mission, represented ADB. The loans cover the Maharashtra Power Distribution Enhancement Programme for Agricultural Solarization; the Indore Metro Rail Project (approximately $190.6 million); and the Gujarat Skills Development Programme ($109.97 million).The $500 million programme in Maharashtra aims to modernise rural power systems, integrate renewable energy and ensure daytime solar electricity for irrigation. By 2028, the initiative targets supplying reliable solar power to at least 900,000 agricultural consumers. Planned upgrades include strengthened substation capacity, enhanced distribution lines and the installation of 500 MWh of battery storage to support renewable integration.For Madhya Pradesh, the Yen-denominated loan will support construction of an 8.62-kilometre underground metro corridor in Indore, comprising seven stations that will link core commercial areas with the airport. Implemented by the Madhya Pradesh Metro Rail Corporation, the project includes multimodal integration with bus and feeder services and is expected to begin operations by January 2030.In Gujarat, the nearly $110 million skills programme seeks to equip the state’s workforce with advanced, industry-ready capabilities in high-growth sectors such as automotive, logistics, manufacturing, IT, renewable energy, healthcare and agri-tech. Led by the Labour, Skill Development and Employment Department and Kaushalya – The Skill University, the initiative will upgrade 11 mega ITIs, create centres of excellence and adopt a hub-and-spoke model involving industry partnerships.Additionally, a $1 million Technical Assistance grant will support preparation of the Sustainable Wetland and Integrated Fisheries Transformation (SWIFT) Project in Assam, aimed at strengthening wetland ecosystems and fisheries management.News source: PIB

Real Estate

09 Mar 2026

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..

Equipment

09 Mar 2026

Company showcases North America-certified machinery and secures new deals

Zoomlion Heavy Industry Science & Technology Co., recently showcased a wide portfolio of North America-certified and customised construction equipment at CONEXPO-CON/AGG 2026 in Las Vegas. The display included engineering hoisting machinery, concrete equipment, earthmoving machinery, mining equipment and construction hoisting solutions tailored to regional operational requirements.All equipment presented at the exhibition complies with North American certification standards, with several models specifically developed to meet local regulatory requirements and site conditions. One of the hig..

Technology

09 Mar 2026

Sinoboom Launches Dual-ETM Smart Technology

Sinoboom recently introduced its Dual-ETM Smart Technology at CONEXPO-CON/AGG 2026, designed to enhance battery endurance and operational efficiency in electric boom lifts.The new technology integrates advanced components that enable real-time optimisation of power usage during equipment operation. By calculating the precise power requirement instantly, the system delivers only the energy needed for each movement, reducing the inefficiencies associated with conventional maximum-demand power systems.The solution incorporates multiple sensors—including pressure, weight, length and level sensor..