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Fiinovation: Asian Development Bank and India – A Journey of Development


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2014-08-06 12:09:51 - Fiinovation believes that the journey of ADB and India over the years has not been smooth and had encountered a number of implementation issues in the projects.

The Asian Development Bank (ADB) is associated with India since 1986. It helps India to meet the economic and human development goals. The operations of ADB has been spread over 20 states and 8 sectors. Their 159 projects supported have had an estimated cost of USD 24 billion. Support has been provided in agriculture and natural resources, water supply, energy, finance, healthcare, public sector management, industry and trade and other municipal infrastructure.

Asian Development Bank is committed towards ensuring the Asia and Pacific region becomes poverty free and also help improve the quality of life of people in the region. Fiinovation understands that despite economic progress within the region it still remains home to two-thirds of the worlds poor. 1.8 billion

People live on less than $2 a day, with 903 million struggling on less than $1.25 a day are realities of some of the people in the region. When it comes to India approximately 67% of Indians live on less than $2 a day, making the nation home to world largest number of poor.

ADB in India is committed to reduction of poverty through inclusive economic growth, environmentally sustainable growth, and regional integration. Assistance is provided to India through policy dialogue, loans, equity investments, guarantees, grants, and technical assistance.

Some of the issues are associated with the limited capacity of the execution/implementation agencies that includes systemic issues such as inadequate skills, lack of proper institutional mechanisms and non-adoption of globally accepted practices in planning, implementing and management. Among other issues there were shortfalls in the monitoring and review mechanisms, operation and maintenance strategies for sustainability of assets over their lifecycle.

The association of ADB and India has been a useful learning opportunity and some of the key points that need to be kept in mind for future endeavors include:

· Global practices in procurement and project management reduces risks leading to efficient project implementation.

· Capacity building is a pre-requisite for effective project planning, implementation and maintenance.

· Social and environmental norms need to be adhered to while looking at improving overall effectiveness and application

· Reforms are necessary for sustainability of infrastructure assets.

· Establishment of community-owned and managed assets to improve irrigation infrastructure of the nation.

Apart from this, setting up of national-level resource institutions is necessary, in order to disseminate substantial knowledge material related capacity building programmes and sector-specific case studies. Fiinovation believes an online portal would be a useful initiative, which shall help disseminate knowledge across 2.5 lakh gram panchayats which would be connected through broadband access by 2017.

By Rahul Choudhury

Media Team – Fiinovation

Address: 24/30, Ground Floor,

Okhla Industrial Estate, Phase 3,

City: New Delhi

Pin: 110020

Phone: 91-011-42332200

Fax: 011-49278811

Website: www.fiinovation.co.in


Contact Information:
Fiinovation

24/30,Ground Floor,
Okhla Industrial Estate, Phase 3,
New Delhi
110020
91-011-42332200
Fax : 011-49278811

Contact Person:
Anand Kumar
Manager
Phone: 91-011-42332200
email: email

Web: fiinovation.co.in



Author:
Anand Kumar
e-mail
Web: fiinovation.co.in
Phone: 01142332200

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