Asian Development Bank &

India

FACT SHEET
Table 1.India: 2013 Loan, Technical
Assistance, and Grant Approvals
($ million)a
Loans
Sovereign Nonsovereign
2,111.50
248.40

Technical
Assistance Grants Total
5.13
2,365.03

= nil.
Excludes cofinancing.

Table 2.India: Cumulative Lending, and

Grants Financed by ADB Special
Funds, By Sector (19662013)a
Sector
Agriculture and
Natural Resources
Education
Energy
Finance
Health and Social Protection
Industry and Trade
Multisector
Public Sector Management
Transport and ICT
Water Supply and Other
Municipal Infrastructure
and Services
Total

Total
Amount
No. ($ million)

%b

7
1
73
19
1
5
17
9
49

281.36
100.00
10,771.29
2,620.00
20.00
275.90
3,179.00
1,450.00
10,142.05

30
211

2,805.96
8.87
31,645.57 100.00

Total Disbursements

0.89
0.32
34.04
8.28
0.06
0.87
10.05
4.58
32.05

$19,644.7 million

ICT = information and communication technology.

Excludes dropped or canceled loans prior to signing. Covers both
sovereign and nonsovereign loans, and grants financed by Asian
Development Fund and Other Special Funds. Other Special Funds
include Asian Tsunami Fund, Asia Pacific Disaster Response Fund,
Climate Change Fund, and Pakistan Earthquake Fund.

Total may not add up because of rounding.

Table 3.India: Cumulative

Nonsovereign Financing
by Product
Number of Projects
Loansa
Equity Investments
Guarantees
B Loans
Total

47
Amount ($ million)
2,431.37
379.30
128.00
230.00
3,168.67

India has been a founding member of the Asian Development Bank (ADB) since
its establishment in 1966. ADB commenced its operations in the country in
1986, during the initial stages of Indias economic reforms. While continuing to
support Indias endeavors to reduce poverty through infrastructure-led growth,
ADBs India program has developed and matured over the years in terms of
its sector, geographic, and thematic coverage, in line with the Government of
Indias evolving priorities and increasing focus on inclusive and sustainable
growth. Besides continuing its support for core infrastructure sectors such as
energy, transport, and urban services, ADB is now engaged in innovations in
infrastructure finance and improving water resources management, agribusiness
infrastructure development, and skills development. In line with the governments
guiding principle of Innovation Impulse with Investment, ADB has been
integrating innovations and regional best practices into project design and
implementation.
India is now ADBs fourth largest shareholder. Since the start of its lending
operations in 1986, ADB has approved 210 loans amounting to $31.5billion,
$173.8 million for 10 grants, and $262 million for 348 technical assistance
projects as of 31 December 2013.

ADB-Supported Projects and Programs

ADB-supported projects and programs have had significant development
impact, improving the lives of the ultimate beneficiaries.
Large infrastructure projects continue to be the priority in India. ADB has
continued its support for improving the rural road network through the Rural
Connectivity Investment Program, which will construct or upgrade about 9,000
kilometers (km) of rural roads to all-weather standards, connecting around
4,000 habitations in the states of Assam, Chhattisgarh, Orissa, Madhya Pradesh,
and West Bengal.
To help ease urban traffic congestion, ADB will continue its assistance to
develop an urban mass transit system in India by supporting the Jaipur Metro
Rail Project. The metro-rail network consists of 2.3 km of underground rail and
two stations.
ADBs support for clean energy in India will continue through the Rajasthan
Renewable Energy Transmission Investment Program, which will help expand the
transmission network capacity by laying 1,852 km of transmission lines that will
carry solar energy from western Rajasthan to the state and national grids.
Through the Supporting Human Capital Development project in Meghalaya,
ADB marks its first foray into the skills sector in India. The project will enhance
the employability of Meghalayas youth (1635 years old) by improving the
quality, access, and delivery of its secondary and higher secondary (SHS)
education, and technical and vocational skills development programs. The
project is expected to result in a 5% reduction in the dropout rate per annum for

Includes a $35 million investment in debt securities.

As of 31 December 2013

Table 4.India: Project Success Rates

Sector
Energy
Finance
Multisector
Public Sector Management
Transport and ICT
Water Supply and Other Municipal
Infrastructure and Services
Total
Year of Approval
1980s
1990s
2000s

%a
73.7
71.4
80.0
50.0
66.7

No. of Rated
Projects/
Programs
19
7
5
4
18

80.0
70.7

5
58

70.0
67.9
75.0

10
28
20

ICT = information and communication technology.

a

 ased on aggregate results of project/program completion reports (PCRs), PCR validation

B
reports (PVRs), and project/program performance evaluation reports (PPERs) using PVR
and PPER ratings in all cases where PCR and PVR/PPER ratings are available.

Sources: PCRs, PVRs, and PPERs containing a rating circulated as of 31 December 2013.

Table 5.India: Portfolio Performance Quality Indicators for

Sovereign Lending and Grants, 20122013
Number of Ongoing Loans (as of 31 Dec 2013)
Contract Awards/Commitmentsa,b
Disbursementsa
Number of Ongoing Grants (as of 31 Dec 2013)c
Contract Awards/Commitmentsa,b
Disbursementsa
Actual Problem Projects (%)

78
2012 ($ million) 2013 ($ million)
1,455.4
1,349.9
1,270.3
987.0

2012 ($ million) 2013 ($ million)

12

= nil.
Note: Totals may not add up because of rounding.
a
b
c

Includes closed loans/grants that had contract awards or disbursements during the year.
Excludes policy-based lending/grants.
Includes only Asian Development Fund and other ADB special funds.

both girls and boys at SHS levels in 117 government-aided

private schools under the project.
ADB has also launched an innovative partial credit
guarantee facilityIndia Infrastructure Finance Company,
Credit Enhancement of Project Bondthat will support
credit enhancements of infrastructure project bonds to
enable cash-rich pension funds and insurers to invest in
these bonds.

Nonsovereign Operations
As a catalyst for private investments, ADB provides direct
financial assistance to nonsovereign public sector and
private sector projects in the form of direct loans, equity
investments, guarantees, B loans, and trade finance. Since
its inception, ADB has approved $3,168.7 million in
nonsovereign financing for India, $2,140.7 million of which
was for 42 private sector projects. Total outstanding
balances and commitments of ADBs nonsovereign
transactions in the country as of 31 December 2013
was $1,669.8 million, representing 24.1% of ADBs total
nonsovereign portfolio.
ADBs Trade Finance Program (TFP) fills market gaps
by providing guarantees and loans through partner banks in
support of trade. The TFP has done over 8,000 transactions

supporting over $16 billion in trade and over 4,000 small

and medium-sized enterprises (SMEs) since 2004. In 2013,
the TFP supported $4 billion in trade through over 2,000
transactions. The TFP works with 10 banks operating in
India and has suppported 121 transactionsexports to
developing member countriesvalued at over $179 million.

Cofinancing
Cofinancing operations enable ADBs financing partners,
governments or their agencies, multilateral financing
institutions, and commercial organizations, to participate in
financing ADB projects. The additional funds are provided
in the form of official loans and grants, and commercial
financing such as B loans, risk transfer arrangements,
parallel loans, and cofinancing for transactions under
ADBs TFP.
By the end of 2013, cumulative direct value-added
(DVA) official cofinancing for India amounted to
$1.18billion for 18 investment projects, and $97 million for
113 technical assistance projects. Cumulative DVA
commercial cofinancing for India amounted to
$543.26million for six investment projects.
In 2013, India received $88 million loan cofinancing from
the Clean Technology Fund for Rajasthan Renewable Energy
Transmission Investment ProgramTranche 1.
Table 6.India: Projects Cofinanced,
1 January 200931 December 2013
Cofinancing
Projectsa
Grants
Official loans
Commercial cofinancing
Technical Assistance Grants
a

No. of Projects
9
4
2
3
51

Amount ($ million)
551.75
10.50
288.00
253.25
40.80

A project with more than one source of cofinancing is counted once.

A summary of projects with cofinancing from 1 January

2009 to 31 December 2013 is available at www.adb.org/
countries/india/cofinancing

Partnerships
ADB closely collaborates with multilateral and bilateral
development partners in India through various modalities
such as consultations, joint missions and strategies,
cofinancing, and knowledge sharing. Partnership with
the Japan Fund for Poverty Reduction, for example, has
strongly supported Indias development and inclusive
growth objectives.
ADB also coordinates with donor partners at the state
level to ensure synergies. In 2013, in conjunction with
the Clean Technology Fund (CTF), ADB approved the
Rajasthan Renewable Energy Transmission Project with
funding of $500million, including a CTF component
of $200 million. The Department for International
Development (DFID) of the United Kingdom has
supported project preparatory and capacity-building efforts
since 2001, with a focus on lagging states. The ongoing
DFIDADB Partnership for India (20092014) has to date
leveraged 16 loans amounting to $3.52billion. In 2013, ADB

and the World Bank worked closely in assessing assistance

needed for disaster-hit Uttarakhand, with ADB approving
lending assistance of $200million for the Uttarakhand
Emergency Assistance Project.
ADBs partnerships with civil society organizations aim
to strengthen the effectiveness, quality, and sustainability of
development efforts. Such partnerships provide a grassroots
perspective for the design and implementation of projects,
assist in community mobilization and resettlement, provide
technical training, and help in conducting independent
monitoring and evaluation.

Procurement
From 1 January 1966 to 31 December 2013, contractors
and suppliers were involved in 188,780 contracts for ADB
loan projects worth $122.11 billion. During the same period,
contractors and suppliers from India were involved in
8,640contracts for ADB loan projects worth $15,935.02million.
From 1 January 1966 to 31 December 2013, consultants
were involved in 12,432 contracts for ADB loan projects
worth $5.28 billion. During the same period, consultants
from India were involved in 418 contracts for ADB loan
projects worth $373.53 million.
From 1 January 1966 to 31 December 2013, contractors
and suppliers were involved in 8,894 contracts for ADB
grant projects worth $4.54 billion. During the same period,
Table 7.India: Share of Procurement Contracts
Cumulative
2012
2013
(as of 31 Dec 2013)
Amount % of
Amount % of
Amount
% of
($ million) Total ($ million) Total ($ million)
Total

Item
Goods, Works, and
Related Services 1,123.29
Consulting Services
35.79

14.82
6.14

1,317.39 20.04 16,071.49

63.81 12.64
552.53

12.69
5.88

Table 8.India: Contractors/Suppliers Involved in ADB Loan

Projects, 1 January 200931 December 2013
Contractor/Supplier
Bsc-C&C Jv Ltd.
Patel Engineering Limited
Alstom T&D India Limited
Hindustan Construction Co.,
Ltd.
Caa & Ad Department of
Economic Affairs

Contract
Amount
($ million)
354.11
327.27
242.47

Sector
Transport and ICT
Energy
Energy
Energy

217.42

Public Sector Management

200.00

ICT= information and communication technology.

Table 9.India: Top Consultants

(Individual Consultants and Consulting Firms)
Involved in ADB Loan Projects,
1 January 200931 December 2013
Consultant
Intercontinental Consultants & Technocrats
Pvt., Ltd.
Shah Technical Consultants Private Limited
Scott Wilson India Pvt., Ltd.
Stup Consultants Pvt., Ltd.
Haskoning Dhv Consulting

Number of
Times
Contracted
2
8
4
2
1

Contract
Amount
($ million)
20.59
18.62
12.32
10.11
8.38

Table 10.India: Contractors/Suppliers

Involved in ADB Grant Projects,
1 January 200931 December 2013
Contractor/Supplier
Kec International Limited
Aipl-Hunan Allonward Jv
Kalpataru Power Transmission
Ltd.
Lg Cns India Pvt., Ltd
Oswal Cables Pvt., Ltd.

Sector
Energy
Energy
Energy
Transport and ICT
Energy

Contract
Amount
($ million)
59.04
38.32
22.01
4.57
2.74

ICT= information and communication technology.

Table 11.India: Top Consultants Involved in ADB Grant

Projects, 1 January 200931 December 2013
Consultant
Intercontinental Consultants & Technocrats
Deloitte Touche Tohmatsu India Pvt., Ltd.
PricewaterhouseCoopers Pvt Ltd., India
MicroSave Private Limited
Rmsi Pvt., Ltd.

Number of
Times
Contracted
1
2
2
1
1

Contract
Amount
($ million)
2.97
2.02
1.98
1.57
1.37

Table 12.India: Top Consultants

(Individual Consultants and Consulting Firms)
Involved in ADB Technical Assistance Projects,
1 January 200931 December 2013
Consultant
PricewaterhouseCoopers Pvt., Ltd., India
Visionri Connexion Services Private Ltd.
Ipe Global Private Limited
Scott Wilson India Private Limited
Intercontinental Consultants
& Technocrats Pvt.
Individual consultants

Number of
Times
Contracted
27
6
8
2

Contract
Amount
($ million)
19.78
6.18
2.73
2.57

1
723

2.19
29.77

contractors and suppliers from India were involved in

239contracts for ADB grant projects worth $266.42 million.
From 1 January 1966 to 31 December 2013, consultants
were involved in 2,433 contracts for ADB grant projects
worth $826.5 million. During the same period, consultants
from India were involved in 76 contracts for ADB grant
projects worth $19.31 million.
From 1 January 1966 to 31 December 2013, consultants
were involved in 28,709 contracts for ADB technical assistance
projects worth $3.3 billion. During the same period, consultants
from India were involved in 1,865 contracts for ADB technical
assistance projects worth $159.69 million.

Operational Challenges
Rapid economic growth in India over the past 2 decades has
lifted millions out of poverty. However, income disparities
and regional imbalances remain. To supplement the
governments efforts in reducing interstate disparities and
promoting regionally balanced growth, ADB has expanded its
operations in low-income and special-category states. These
states face one or more of the following constraints: high

poverty, low incomes, low levels of social development, weak

capacity, and inadequate infrastructure. From 2009 to 2013,
the majority of ADBs project approvals involved such states.
An important aspect of ADBs engagement in these
states has been its support for strengthening the capacities
of executing agencies in planning and implementing
infrastructure projects, and introducing them to new
technologies and international and regional best practices.
The Capacity Development Resource Center at ADBs India
Resident Mission is playing a key role in institutionalizing
support to executing agencies.
In tandem, enhanced tripartite review meetings
involving ADB, the Government of India, and executing
agencies are helping to not only minimize delays in
project implementation, but also improve readiness and
innovativeness of projects in the pipeline.

Future Directions
ADB will continue to support the strategic goals of the
governmentfaster, more inclusive, and sustainable
growthas emphasized in the 12th Five-Year Plan
and reflected in ADBs country partnership strategy
(CPS), 20132017 for India. The strategic pillars of the
new CPS include three agendas: support for inclusive
growth, environmentally sustainable growth, and regional
integration. The CPS emphasizes robust infrastructure
development, job creation and access to jobs, regional
connectivity, and environmental sustainability. The 3-year
lending program over 20132015 will average around
$2billion annually in terms of sovereign operations.

About India and ADB

ADB Membership
Joined 1966
Shareholding and Voting Power
Number of shares held:
672,030 (6.357% of total shares)
Votes:
711,477 (5.384% of total membership,

8.267% of total regional membership)
Overall capital subscription:
$10.35 billion
Paid-in capital subscription:
$517.56 million
Contributions to Special Funds Resources
India has contributed to the Technical Assistance Special Fund (TASF), which provides
grants to borrowing members to help prepare projects and undertake technical or
policy studies.
Contributions to the TASF (committed): $4.33 million
Umesh Kumar is the Director and Iqbal Mahmood is the Alternate Director
representing India on the ADB Board of Directors.
M. Teresa Kho is the Country Director for India. The India Resident Mission was
opened in 1992 and provides the primary operational link between ADB and
the government, private sector, and civil society stakeholders in its activities.
The resident mission engages in policy dialogue and acts as a knowledge base on
development issues in India.
The India government agency handling ADB affairs is the Ministry of Finance.
About the Asian Development Bank
ADB is a multilateral development bank owned by 67 members, 48 from the
region and 19 from other parts of the world. ADBs main instruments for helping
its developing member countries are policy dialogue, loans, equity investments,
guarantees, grants, and technical assistance (TA). In 2013, lending volume was
$13.19 billion (101 projects), with TA at $155.61 million (248 projects) and grantfinanced projects at $849.02 million (23 projects). In addition, $6.65 billion was
generated in direct value-added cofinancing in the form of official loans and grants
and commercial cofinancing such as B loans, risk transfer arrangements, parallel
loans, and cofinancing for transactions under ADBs Trade Finance Program.
From 1 January 2009 to 31 December 2013, ADBs annual lending volume averaged
$12.19 billion. In addition, investment grants and TA funded by ADB and special
funds resources averaged $801.70 million and $165.66 million in TA over the same
period. As of 31 December 2013, the cumulative totals excluding cofinancing
were $203.41 billion in loans for 2,629 projects in 44 countries, $6.46 billion in
239grants, and $4.25 billion in TA grants, including regional TA grants.
In this publication, $ refers to US dollars. Figures are estimated by ADB unless otherwise cited.
Data are as of 31 December 2013 unless otherwise indicated. Fact sheets are updated annually in April.

Contacts
India Resident Mission
4, San Martin Marg, Chanakyapuri
New Delhi 110 021, India
P.O. Box 5331, Chanakyapuri HPO
Tel +91 11 2410 7200
Fax +91 11 2687 0955/2419 4273
ADB Headquarters
6 ADB Avenue, Mandaluyong City
1550 Metro Manila, Philippines
Tel +63 2 632 4444
Fax +63 2 636 2444
Ministry of Finance
Government of India
New Delhi, India
Tel +91 11 2309 2810/2309 2510
Fax +91 11 2309 3289/2309 2830/2309 2511
Useful ADB websites
Asian Development Bank
www.adb.org
Asian Development Outlook
www.adb.org/publications/series/asiandevelopment-outlook
Annual Report
www.adb.org/documents/series/adb-annual-reports
Depository Libraries
www.adb.org/publications/depositories/ind
To access a complete list of development
and economic indicators, visit:
Statistics and Databases
www.adb.org/data/statistics

April 2014