PM Modi Meets Asian Development Bank President Masato Kanda to Strengthen India’s Urban Development Plan
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On Sunday, Prime Minister Narendra Modi met with Masato Kanda, the President of the Asian Development Bank (ADB), in New Delhi. The meeting focused on strengthening the partnership between India and ADB and discussing various important development projects.
ADB to Invest $10 Billion for Urban Development in India
Masato Kanda announced that the ADB will invest $10 billion, which includes funds from other partners, over the next five years to support India’s urban development. This funding will help improve city infrastructure such as metro rail extensions, new Regional Rapid Transit System (RRTS) corridors, and better urban services. This initiative aims to make Indian cities more modern and efficient, supporting the country’s rapid urban growth.
PM Modi Describes Meeting as Productive
Prime Minister Modi called the meeting very productive. He shared that they talked about many issues related to India’s growth and transformation. He highlighted India’s progress over the past decade and emphasized the country’s ongoing efforts to develop further.
On his social media platform X, PM Modi said, “Had a wonderful meeting with Mr. Masato Kanda, where we discussed a wide range of topics. India’s rapid transformation in the last ten years has empowered millions of people. We are working hard to keep this momentum going!”
ADB’s Commitment to India’s Future
Masato Kanda also expressed ADB’s strong commitment to supporting India’s development goals. He mentioned the bold vision of “Viksit Bharat 2047,” which aims for India to become a fully developed country by its 100th year of independence.
Kanda said, “ADB will direct $10 billion, including funds from other investors, over the next five years to improve city infrastructure, expand metro networks, build new RRTS corridors, and modernize urban services.”
A Long-Standing Partnership
India has been a member of the Asian Development Bank since 1966 and is its largest borrower. Kanda emphasized the strong and ongoing partnership between India and ADB. He said that by increasing public and private investments, sharing knowledge, and mobilizing resources, ADB is fully committed to supporting India’s journey toward sustainable and inclusive growth for its 1.4 billion people.
