In his post on X, Kanda said his organisation is supporting India’s ambition of a ‘Viksit Bharat’ by 2047, describing it as a bold vision.

“We will direct USD 10 billion, including third-party capital, over the next five years into municipal infrastructure development, extending metro networks, building new Regional Rapid Transit System corridors, and modernising city services,” he said.

India, a founding ADB member since 1966 and its largest borrower, is a steadfast partner, Kanda noted.

He added, “By scaling up public and private sector finance, deepening knowledge collaboration, and mobilizing capital, we stand ready to support India’s drive to become a developed nation by 2047 and to deliver inclusive, resilient, and sustainable growth for its 1.4 billion people.” Modi replied, “Had a wonderful meeting with Mr Masato Kanda, in which we shared perspectives on a wide range of issues. India’s rapid transformation over the last decade has empowered countless people and we are working to add further momentum to this journey!” PTI KR NSD NSD