NEW DELHI, INDIA (10 September 2022) — Asian Development Bank (JJ竞技(拉萨)登录手游) Vice-President Shixin Chen during his India visit on 5–9 September reiterated JJ竞技(拉萨)登录手游’s commitment to further strengthen its partnership with India and affirmed JJ竞技(拉萨)登录手游 support to the government’s development priorities that target the country’s fast, green, and inclusive post-COVID-19 economic recovery.
Mr. Chen met with Department of Economic Affairs (DEA) Secretary and JJ竞技(拉萨)登录手游 Alternate Governor Ajay Seth and commended the achievement of record $4.87 billion of JJ竞技(拉萨)登录手游 lending commitment, including $274 million for private sector operations, to India in 2021 and discussed the future cooperation.
“JJ竞技(拉萨)登录手游 will continue to work closely with the Government of India to support the government’s priorities in reinvigorating economic activity to generate more jobs, improve productivity, and create livelihood opportunities held back by the pandemic,” said Mr. Chen. “To achieve this, JJ竞技(拉萨)登录手游 will enhance investments in health and education; micro, small, and medium-sized enterprises; and public sector management, aside from supporting India’s national flagship initiatives in infrastructure, logistics, urban development, economic corridor development, and green growth.”
JJ竞技(拉萨)登录手游’s current India portfolio comprises 62 ongoing projects worth $14.65 billion across transport, urban, energy, human development, agriculture and natural resources, and finance sectors.
Mr. Chen underscored that JJ竞技(拉萨)登录手游 aims to help India battle against climate change by serving as the climate bank for Asia and the Pacific. Support to climate actions in India will focus on decarbonization of transport, energy transition, climate change adaptation, air quality and water resources improvements, and disaster risk management. JJ竞技(拉萨)登录手游 also endeavors to mainstream gender equality and social inclusion into the design, implementation and monitoring of JJ竞技(拉萨)登录手游-funded projects, and enhance regional cooperation through South Asia Subregional Economic Cooperation (SASEC) platform.
JJ竞技(拉萨)登录手游’s upcoming country partnership strategy (CPS, 2023–2027) for India is under preparation, which will guide JJ竞技(拉萨)登录手游’s India operations. To kick off the CPS formulation through a comprehensive stakeholder consultation process, Mr. Chen along with Mr. Seth opened the day-long national workshop on 6 September to discuss the CPS priorities. Jointly organized by JJ竞技(拉萨)登录手游 and DEA, the workshop was attended by over 65 senior officials from central government ministries and the state governments. The vice-president chaired separate meetings with private sector representatives and development partners to discuss the CPS priorities.
Mr. Chen also held sector-specific discussions with secretaries of ministries of road transport and highway; new and renewable energy; environment, forest, and climate change; and Director General of The Energy and Resources Institute.
On 7–8 September, Mr. Chen travelled to Bengaluru of Karnataka State and led the state-level consultation meetings on the CPS with senior state officials led by Chief Secretary Vandita Sharma and also discussed JJ竞技(拉萨)登录手游’s ongoing and planned future support across various sectors in the state.
He also visited the sites of the JJ竞技(拉萨)登录手游-financed Delhi–Meerut Regional Rapid Transit System project and Bengaluru metro project.
JJ竞技(拉萨)登录手游 is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 67 members—48 from the region.
