Union Minister Discusses Urban Ties with ADB Chief
ECONOMY & POLICY

Union Minister Discusses Urban Ties with ADB Chief

Union Minister Shri Manohar Lal met Asian Development Bank President Mr Masato Kanda in Delhi to discuss urban development collaboration. The Minister appreciated ADB’s role in knowledge frameworks supporting Union Budget 2025–26 priorities and sought support in pilot projects to serve as future models for city development.

The meeting covered inclusive housing, mass transit, sanitation, urban governance, and reform. Shri Lal highlighted India's multi-modal mobility boom, and successes under missions such as Swachh Bharat, AMRUT, and PMAY-Urban. He stressed that ADB’s alignment with India’s goals could help build sustainable and inclusive urban centres.

Mr Kanda praised the progress in the Rapid Rail Transit System, noting its impact on transport, pollution control, and social integration. He encouraged private sector involvement for innovative, integrated urban development.

The two leaders discussed enhancing the Urban Challenge Fund, with city-level support to improve project viability. It aims to transform services in one hundred cities by treating them as growth hubs. Shri Lal expressed interest in demonstration projects as lighthouse models.

The meeting concluded with Mr Srinivas Katikithala, Secretary of Housing and Urban Affairs, thanking ADB for its commitment to India’s urban future.

Source
Press Information Bureau (PIB), Ministry of Power

Union Minister Shri Manohar Lal met Asian Development Bank President Mr Masato Kanda in Delhi to discuss urban development collaboration. The Minister appreciated ADB’s role in knowledge frameworks supporting Union Budget 2025–26 priorities and sought support in pilot projects to serve as future models for city development. The meeting covered inclusive housing, mass transit, sanitation, urban governance, and reform. Shri Lal highlighted India's multi-modal mobility boom, and successes under missions such as Swachh Bharat, AMRUT, and PMAY-Urban. He stressed that ADB’s alignment with India’s goals could help build sustainable and inclusive urban centres. Mr Kanda praised the progress in the Rapid Rail Transit System, noting its impact on transport, pollution control, and social integration. He encouraged private sector involvement for innovative, integrated urban development. The two leaders discussed enhancing the Urban Challenge Fund, with city-level support to improve project viability. It aims to transform services in one hundred cities by treating them as growth hubs. Shri Lal expressed interest in demonstration projects as lighthouse models. The meeting concluded with Mr Srinivas Katikithala, Secretary of Housing and Urban Affairs, thanking ADB for its commitment to India’s urban future.Source Press Information Bureau (PIB), Ministry of Power

Next Story
Infrastructure Urban

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Next Story
Infrastructure Energy

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Next Story
Infrastructure Urban

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement