On June 1, 2025, Prime Minister Narendra Modi met with Asian Development Bank (ADB) President Masato Kanda in New Delhi. The meeting focused on strengthening ADB–India cooperation, especially in urban infrastructure and development aligned with India's 'Viksit Bharat 2047' vision.

Key Points:

• ADB announced a $10 billion plan over five years to support India’s urban transformation, including metro expansion and RRTS corridors.
• The investment will also focus on modernizing municipal services across multiple Indian states.
• PM Modi appreciated ADB’s strong support and highlighted India’s rapid development progress.
• ADB reaffirmed its commitment to support India’s Viksit Bharat 2047 vision through public and private sector investments.
• India is ADB’s largest borrower and has ongoing urban development projects worth over $5 billion.