ADB announces $10 billion investment in India’s urban projects to enhance mobility, housing, and infrastructure by 2030.

ADB Announces $10 Billion Investment to Revolutionize India’s Urban Infrastructure by 2030

New Delhi, June 2, 2025 – In a groundbreaking move to accelerate India’s urban transformation, the Asian Development Bank (ADB) has pledged $10 billion over the next five years for urban infrastructure development across the country.

This announcement was made during ADB President Masatsugu Asakawa’s official visit to India, where he met with Prime Minister Narendra Modi and top government officials to reaffirm ADB’s long-term commitment to India’s growth.

Massive Boost to India’s Urban Landscape

The $10 billion funding will focus on a wide array of urban initiatives aimed at fostering inclusive, resilient, and sustainable cities. These include:

• Expansion of Metro Networks and RRTS Corridors: To ease congestion and promote eco-friendly transit.
• Upgrading Water Supply and Sanitation Systems: To meet rising urban demands.
• Affordable Housing Projects: In line with the Housing for All vision.
• Smart Waste Management Solutions: To enhance urban hygiene and public health.
• Urban Challenge Fund Participation: Driving private sector engagement and investment in infrastructure.

Partnership to Shape India’s Urban Future

ADB President Asakawa emphasized, “India’s urban centers are the engines of future economic growth. This strategic investment will help shape cities that are efficient, inclusive, and resilient.”

India is projected to have over 600 million urban dwellers by 2030, making this funding crucial for planned urbanization.

Capacity Building and Technical Assistance

Apart from financial investments, ADB is offering $3 million in technical support to help states and Urban Local Bodies (ULBs) conceptualize, design, and implement urban projects effectively.

India’s Commitment to Sustainable Growth

Prime Minister Narendra Modi welcomed the support, stating, “India’s transformation over the past decade has been powered by strong global partnerships like that with ADB. This investment aligns with our Viksit Bharat 2047 vision.”

India and ADB share a 38-year developmental partnership. The new commitment builds on past success, including over 100 urban projects supported across 22 states.

Job Creation and Skill Development

In a move that integrates infrastructure with employment, part of the funding will support ADB’s National Industrial Training Institutes (NITI) Upgradation Program, targeting youth skill development for manufacturing and urban services sectors.

FAQs

What is the ADB’s new investment in India focused on?
ADB has committed $10 billion towards improving urban mobility, sanitation, housing, and infrastructure in India over the next five years.

Which sectors will benefit from the ADB funding?
Metro rail, RRTS corridors, housing, water supply, waste management, and skill development are key focus areas.

When will the investment be rolled out?
The investment is planned to be implemented progressively over the 2025–2030 period.

Is private sector involvement part of the plan?
Yes, through India’s Urban Challenge Fund, ADB aims to encourage private investments in urban infrastructure.

How does this investment align with India’s long-term goals?
It supports India’s Viksit Bharat 2047 goal and urban sustainability targets aligned with SDGs.

What kind of technical assistance will be provided?
ADB will offer $3 million to aid in planning and capacity building for state governments and ULBs.

Conclusion

ADB’s $10 billion funding for India’s urban projects marks a pivotal step in reshaping India’s future cities. With a focus on sustainable, inclusive development, the partnership aims to deliver infrastructure that matches the aspirations of a new urban India. The investment reflects global confidence in India’s growth narrative and signals a decade of transformation ahead.