India, ADB sign over $2.2 billion loan agreements for key development projects

December 15, 2025 10:44 PM

India, ADB sign over $2.2 billion loan agreements for key development projects

India and the Asian Development Bank (ADB) on Monday signed loan agreements worth over $2.2 billion to support five major development projects spanning skilling, renewable energy, healthcare, urban transport and sustainable livelihoods across multiple states. The agreements were finalised under the guidance of the Department of Economic Affairs, Ministry of Finance. The loan documents were signed by Deputy Secretary Saurabh Singh on behalf of the Government of India and by Aarti Mehra, Officer-...

India, ADB sign $125 million loan agreement to upgrade urban services in Assam

September 22, 2025 10:43 PM

India, ADB sign $125 million loan agreement to upgrade urban services in Assam

The Government of India and the Asian Development Bank (ADB) on Monday signed a $125 million loan agreement to enhance urban livability and strengthen climate resilience in Assam, benefiting nearly 3.6 lakh residents across six district headquarters and Guwahati. The loan agreement for the Assam Urban Sector Development Project was signed by Juhi Mukherjee, Joint Secretary, Department of Economic Affairs, Ministry of Finance, and Mio Oka, Country Director, India Resident Mission, ADB. The proj...

Centre, ADB sign $350 million loan to boost India’s supply chains

December 20, 2024 9:56 PM

Centre, ADB sign $350 million loan to boost India’s supply chains

The Indian government and the Asian Development Bank (ADB) have signed a $350 million policy-based loan agreement to support the Strengthening Multimodal and Integrated Logistics Ecosystem (SMILE) programme. This loan, under the programme's second subprogramme, is aimed at improving the logistics framework to enhance manufacturing capabilities and build resilient supply chains in the country. The Ministry of Commerce and Industry noted that the SMILE programme supports wide-ranging reforms in ...

India, ADB sign $181 million deal to improve livability, mobility in Ahmedabad

September 16, 2024 4:44 PM

India, ADB sign $181 million deal to improve livability, mobility in Ahmedabad

India and the Asian Development Bank (ADB) on Wednesday signed a $181 million loan agreement, aimed at improving infrastructure and services in the peri-urban areas, or the outskirts, of Gujarat’s Ahmedabad city. The initiative aims to achieve this by enhancing physical and social infrastructure, fostering economic vibrancy, and establishing these areas as attractive investment destinations, said Juhi Mukherjee, Joint Secretary of the Department of Economic Affairs, Ministry of Finance. Raje...