The Minister appreciated ADB’s collaboration in developing knowledge frameworks aligned with the priorities outlined in the Union Budget 2025–26. The Fund envisions cities as Growth Hubs, serving as blueprints for transforming water, sanitation, and waste services.

The Minister also expressed interest in ADB initiating demonstration projects that could serve as lighthouse models for future urban development.

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Dr. Krishna Prasad Vunnam, Founder and Managing Director of Ankura Hospitals, expressed his excitement about this significant milestone, said “This significant financial support from the Asian Development Bank is a testament to our commitment to improving Women & Children health in India. It will allow us to enhance our Pediatric, maternity and gynecology services, expand our facilities, and reach more families, ensuring they receive the highest standards of care.”

As part of its expansion strategy, Ankura Hospitals is focused on establishing new state-of-the-art facilities in key cities across India.

Ankura Hospitals specializes in providing world-class care in maternity and gynecology, offering services such as normal deliveries, cesarean sections, fertility treatments, high-risk obstetrics, and comprehensive prenatal and postnatal care. The hospital also features advanced surgical solutions in gynecology, including laparoscopic surgeries and treatment for various gynecological conditions.

Also, Ankura Hospitals is committed to providing world-class services, including advanced neonatal intensive care,all Pediatric sub-specialties pediatric surgery, child development, and behavioral health for children.

With the support from ADB, Ankura Hospitals is poised to enhance its facilities, broaden its impact, and continue delivering exceptional care across India.

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The MoU outlines the evaluation of financing for several key ongoing projects such as the 966 MW Solar Wind Hybrid project and Pumped Hydro Storage Project and other projects in the pipeline around energy transition, decarbonization, and battery storage as well as ongoing financing for capex towards strengthening the distribution networks managed by Tata Power.

The total estimated project cost is approximately US $4.25 billion.

Dr. Praveer Sinha, CEO & MD, Tata Power said, “Our collaboration with the Asian Development Bank is a crucial step as we explore innovative financing solutions to drive transformative power sector projects. This MoU reinforces our commitment to advancing India’s clean and renewable energy capacity and modernizing our power infrastructure, ensuring sustainable and inclusive growth. These initiatives align with India’s ambitious clean energy goals, contributing to energy security and environmental resilience.”

The signatories will also work to build resilience, promote inclusiveness, and specifically focus on integrating gender and climate actions to empower women as economic and transformative agents in deploying green technologies and accessing green jobs.

ADB Director General for Private Sector Operations Suzanne Gaboury said, “ADB is committed to fostering partnerships that promote sustainability and energy security across Asia and the Pacific. As part of this strategy, our engagement with Tata Power reflects a shared vision for a low-carbon, inclusive, and climate-resilient future, supporting India’s transition toward sustainable energy solutions.”

This partnership between Tata Power and ADB is pivotal as India accelerates its journey toward achieving its renewable energy target of 500 GW by 2030. The projects under evaluation, such as the large-scale solar-wind hybrid systems and advanced hydro storage solutions, signify an investment in the future of India’s clean energy infrastructure. Through initiatives like these, Tata Power aims to strengthen the nation’s capacity for renewable energy, reduce dependency on fossil fuels, and foster a sustainable, energy-secure future.

This MoU signals a concerted effort to align with global climate action goals while addressing India’s unique energy needs. Through this collaboration, Tata Power and ADB are set to pave the way for sustainable progress, enhancing energy access, resilience, and the country’s environmental footprint.

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• ADB signed a USD 68 million loan with IIFL HFL to boost green, affordable housing in India
• ‘Kutumb’ has played a significant role in helping IIFL Home Finance Ltd. serve more than 250,000 customers
• IIFL HFL has facilitated a credit-linked subsidy of more than Rs 1,746 crore to over 72,000 households under PMAY (U) as on 31^st August 2023
• Engaging in a partnership with a Technical Assistance (TA) programme aimed at bolstering the eco-friendly construction ecosystem within India’s affordable housing sector

New Delhi, 30^th November 2023: IIFL Home Finance Ltd., India’s fastest-growing digital first home finance company, and Asian Development Bank (ADB) jointly hosted the 15^th Chapter of ‘Kutumb’ event and 10^th in series with ADB in Delhi, with a primary focus on fostering discussions centred on bolstering the green building ecosystem within India’s affordable housing sector. Moreover, their partnership through the Technical Assistance (TA) program is geared towards enhancing the sustainability of green construction practices within the affordable housing segment in India.

IIFL Home Finance Ltd. and the Asian Development Bank (ADB) joined forces for a Technical Assistance (TA) initiative named ‘Enabling the ecosystem to improve access to green affordable housing for women’. This program seamlessly integrates promotion, capacity building, and research and innovation, addressing key areas such as green building, affordable housing, and women’s housing access in India.

The Kutumb event focused on insights based on promoting and advancing Green Affordable Housing in India, aiming to create opportunities for accessible green housing for everyone. Previously, under the ADB initiative, the Kutumb event successfully took place in numerous metropolises like Kolkata, Bangalore, Ahmedabad, Hyderabad, and Pune. This marks the 10th collaboration between IIFL Home Finance Ltd. and the ADB for the Kutumb initiative, following nine successful editions. The earlier nine Kutumb events garnered an excellent response with over 1,500 participants, featuring a community of 900+ developers, and conducted 36+ expert sessions. The Kutumb event made a substantial impact, contributing significantly to the transformation from the mission of ‘Housing for All’ to ‘Green Housing for All’. Developers, policymakers, architects, academicians, green rating agencies, and financial institutions join forces in this collective vision. Through nurturing this collaborative ecosystem, IIFL Home Finance Ltd. actively contribute to ushering in transformative change and advancing the expansion of affordable green housing nationwide. This also played a pivotal role in raising awareness among the Economically Weaker Section (EWS) and Low-Income Group (LIG) categories in India through the “Resilient and Green Affordable Housing” project. Moreover, this event facilitated increased awareness within the developer community regarding affordable green housing, educating them about green design, rating systems, and available financing options.

At the event, Ajay Jaiswal, Chief Operating Officer, IIFL Home Finance Ltd. said, “The joint programme with ADB has made significant strides in understanding the landscape of cost-effective, environmentally friendly housing in India. We’re consolidating insights gleaned from different aspects of the program. The outcomes stemming from our efforts hold immense relevance, given the urgent requirement for affordable, eco-friendly housing in the country. Collaborating with the ADB and CEPT on this initiative has been instrumental in its success, and we’re grateful for their partnership.”

The event saw a stimulating discussion among various participants on related subjects ranging from sustainable design for mitigating climate emergencies to the landscape of green housing in India and how to drive green and affordable housing for women in India. The event was graced by many dignitaries, including Mr. Monu Ratra, ED and CEO IIFL Home Finance Ltd.; Mr. Takeo Konishi, Country Director, Asian Development Bank (ADB); Pradeep Ramakrishnan, General Manager, Department of Debt and Hybrid Securities (DDHS), Securities and Exchange board of India (SEBI); Neha Kumar, Head of South Asia Programme, Climate Bonds Initiative; Shounak Ray, Business Development Lead, International Finance Corporation; Ashok B Lall, Founder and Principal Architect, Ashok B Lall Architects; Shailesh Kumar Agrawal, ED, Building Materials & Technology Promotion Council (BMTPC), Ekta Mehra, Senior Sector Specialist, KFW; Gagan Sidhu, Director, CEEW Centre of Energy Finance; Mohua Mukherjee, Independent Director, IIFL Home Finance Ltd. and Mischa Lentz, Senior Urban Development Specialist (Finance & Investments), ADB

Kutumb is dedicated to advancing affordable, sustainable, and forward-looking housing by actively engaging with developers, architects, and rating agencies. The programme aims to integrate eco-friendly and cost-effective housing into the mainstream in India.

There’s a critical need for policies that emphasize the affordability of eco-friendly housing and the construction of green buildings. Kutumb is committed to convening key influencers to address existing gaps and foster convergence among different aspects and stakeholders within the eco-friendly housing movement.

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