ADB supports India’s priorities for robust, climate resilient, and inclusive growth, aligned with ADB’s Strategy 2030 and the forthcoming country partnership strategy, 2023–2027.
ADB has appointed Mio Oka as its new Country Director for India, succeeding Takeo Konishi who has been promoted as ADB Director General for South Asia at the Manila headquarters.
ADB and SAEL Industries Limited, through its subsidiary SAEL Solar P4 Private Limited, have signed a loan of up to 12.23 billion Indian rupees (about $147 million equivalent) for the development of a 400-megawatt (MW) greenfield solar power plant in Gujarat, India, to support the country’s ongoing transition toward clean energy and low-carbon growth.
ADB has signed an agreement for 1.5 billion Indian rupees (or the equivalent of $18.4 million) in debt financing through the subscription of nonconvertible debentures for Cygnus Medicare Private Limited to expand access to affordable and quality health care in northern India.
There are viable solutions for the harmful practice of agricultural burning but they need government and private sector support to scale up.
India is a founding member of ADB and the bank’s fourth largest shareholder. Since commencing operations in 1986, ADB has aligned its operations in the country to the government’s developing priorities. This approach will be pursued through the forthcoming country partnership strategy, 2023–2027. ADB remains committed to reinvigorating India’s economy to generate more formal jobs, help address climate challenges, and assist lower-income states. ADB operations also promote private sector development, gender empowerment, regional integration, knowledge solutions, and capacity development.
4 San Martin Marg, Chanakyapuri, New Delhi 110021 India
Office Hours: 8:30 a.m. to 5:00 p.m. (Monday to Friday)
ADB’s lending operations to India started in 1986, and the India Resident Mission was opened in 1992. The resident mission provides the primary operational link for activities between ADB and the government, the private sector, civil society stakeholders, and development partners. It engages in policy dialogue, country partnership strategy development and programming, and portfolio management, while also acting as a knowledge base on development issues in India.
The India government agency handling ADB affairs is the Department of Economic Affairs in the Ministry of Finance.