In a major announcement to strengthen India’s vision of becoming a developed nation by 2047, the Asian Development Bank (ADB) has pledged a significant investment. Over the next five years, ADB will invest $10 billion (approximately ₹83,000 crore) in developing municipal infrastructure in India. This funding, including third-party capital, will be directed toward expanding metro networks, constructing new Regional Rapid Transit System (RRTS) corridors, and modernizing urban services.
This information was shared by the ADB President
following his meeting with Prime Minister Narendra Modi. He stated, “Viksit
Bharat 2047 is a visionary and bold initiative, and @ADB_HQ is fully committed
to being a strong partner in this ambitious journey. We are proud to be part of
India’s transformative progress.
The ADB President also noted that India, a founding
member of ADB since 1966, is currently its largest borrower and has remained a
steady and trusted partner over the years.
He further added, “To realize inclusive, empowered, and
sustainable development for India’s 1.4 billion citizens, we will further
encourage investment from both public and private sectors, ensuring that the
light of progress reaches every corner of the country. We will also deepen
knowledge collaboration and actively support capital mobilization. ADB is fully
prepared and committed to being a part of India’s journey toward becoming a
developed nation.”
This investment will not only elevate the country’s urban
infrastructure but will also serve as a major step in translating Prime
Minister Modi’s vision of Atmanirbhar Bharat (Self-Reliant India) and Viksit
Bharat 2047 into reality.
Key Highlights:
ADB to invest $10 billion in India over the next 5 years.
Focus on metro expansion, RRTS corridors, and urban
service modernization.
Strategic discussion held with Prime Minister Modi.
India: A founding ADB member since 1966 and its largest
borrower.
ADB’s active support in realizing the Viksit Bharat 2047
vision.
ADB’s strong support has further strengthened India’s
confidence. This investment will not only develop physical infrastructure but
also reshape public thinking. The dream of improved facilities, faster
transportation, and smart cities is rapidly becoming a reality.
This joint effort by the Government of India and global
organizations clearly shows that when thinking is positive, intentions are
pure, and goals are high — no dream is out of reach.