NITI Aayog Advocates Reforms for Multilateral Development Banks

22 Dec 2023 CW Team

NITI Aayog puts forward a compelling case for structural reforms in multilateral development banks, underscoring the imperative for transformative changes. The advocacy for these reforms reflects a strategic initiative to amplify the effectiveness and adaptability of financial institutions dedicated to supporting the development of urban infrastructure.

The call for structural reforms by NITI Aayog aligns with the evolving needs of urban infrastructure projects and the imperative for financial institutions to evolve accordingly. The proposed changes aim to enhance the agility, efficiency, and responsiveness of multilateral development banks in navigating the complexities of urban development initiatives.

As urban infrastructure takes centre stage in India's developmental agenda, the pitch for structural reforms is a proactive step towards aligning financial institutions with the evolving requirements of the sector. NITI Aayog's emphasis on transformative changes signifies a commitment to optimizing the impact of multilateral development banks in driving sustainable and resilient urban infrastructure across the nation.

This strategic push for structural reforms is anticipated to stimulate a comprehensive reassessment of the functioning and capabilities of multilateral development banks, ensuring they remain agile and robust in their support for the dynamic landscape of urban infrastructure development in India.

Infrastructure Urban

07 Nov 2025

Welspun Enterprises Wins 910 MLD Panjrapur WTP Contract

Welspun Enterprises (WEL), the infrastructure and energy arm of Welspun World, has secured a major contract from the Brihanmumbai Municipal Corporation (BMC) to design, build and operate a 910 million litres per day (MLD) Water Treatment Plant (WTP) at Panjrapur, Maharashtra.Valued at approximately Rs 31.45 billion, the project encompasses end-to-end civil, mechanical, electrical and instrumentation works, including the construction of a treated water sump and pumping station. Of the total value, nearly Rs 11.56 billion is allocated to Operations & Maintenance (O&M), with an additional..

Mitsubishi Power Wins Boiler Upgrade Contract for O Mon 1 Plant

Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, (MHI), has been awarded a contract to support the oil-to-natural-gas fuel conversion at the O Mon 1 Thermal Power Plant in Can Tho, southern Vietnam. As the OEM of the plant’s existing boiler, Mitsubishi Power will supply key equipment—including new gas burners—and implement a selective catalytic reduction (SCR) system to reduce NOx emissions and help the plant meet stricter environmental standards.The O Mon 1 facility includes two 330 MW units that commenced operations in 2009 and 2015, with all major equipment or..

Liebherr’s 10,000th XPower Wheel Loader Joins BERGER’s Fleet

BERGER Rohstoffe GmbH has welcomed the 10,000th Liebherr XPower wheel loader to its operations at the Schlag granite quarry in Passau. The milestone machine, officially handed over at Liebherr’s Bischofshofen plant in May 2025, underscores the long-standing partnership between BERGER, Liebherr, and the Beutlhauser Group. Equipped with Liebherr’s signature power-split travel drive, the new L 580 XPower is already delivering strong results under demanding quarry conditions.At the Schlag quarry, BERGER Rohstoffe processes approximately 200,000 tonnes of Bayerwald granite annually into high-qu..