Excellent Business Opportunities with ADB Projects

BHUBANESWAR, INDIA - While informing about the activities of Asian Development Bank in India Mr. Hiroyuki Maruyama, Principal Procurement Specialist, ADB highlighted that ADB is already supporting two major projects in the state of Odisha namely irrigation and power. There are many opportunities for consultants, manufacturers and exporters as well as institutions to register in the ADB panel and procure business opportunities. SMEs do also have important role to play as a supplier of their product or services to the ADB funded projects. Also, it is possible to have joint ventures and technology transfer commitments to make a bid for the ADB projects says Mr. Maruyama while conducting the workshop on “International Business Opportunities with Asian Development Bank” organized by World Trade Centre Bhubaneswar in association with Infrastructure Development Corporation of Odisha (IDCO).

India is now ADB’s fourth largest shareholder. Since the start of its lending operations in 1986, ADB has approved 210 loans amounting to $31.5 billion, $173.8 million for 10 grants, and $262 million for 348 technical assistance projects as of 31 December 2013. ADB and the Government of India signed a $300 million loan agreement in March 2015 aimed at improving road connectivity and increasing domestic and regional trade along the North Bengal-North Eastern Region international trade corridor. ADB has decided to increase 4 billion dollars more lending to India during the period 2015-17. 

Asian Development Bank (ADB) is a multilateral financial institution, which aims to improve the living standards of its Developing Member Countries (DMCs) throughout the Asia and Pacific region. ADB business opportunities arise primarily in the sectors, where ADB actively funds development projects like Agriculture and Natural Resources Sector (including disaster management), Education and Training Sector (including distance learning), Energy Sector (including electric power, oil & gas and renewable energy), Environment Sector (including water supply, waste treatment and environmental management), Industry, Finance and Other Services Sector (including banking, insurance and project finance), Healthcare and Nutrition Sector, Information Technology and Telecommunications Sector (incl. e-government services), Transportation Sector (including road, rail, port and airport projects), Urban Development Sector (including housing and infrastructure).

Mr. Sangram Mohapatra, Chief General Manager (P&A) IDCO in his opening remarks briefed the participants about its association with WTC Bhubaneswar since its inception in July 2014 and lauded the WTC for organizing such an important workshop with Asian Development Bank. 

Mr. Jayant Ghate, Advisor, WTC Mumbai and Mr. A.O. Kuruvila, Dy. Director, WTC Mumbai were also present at the occasion. Over 100 delegates representing local entrepreneurs, leading companies of the State in sectors like Manufacturing, Logistics, Travel Services, Health Services, Food Processing Units, Power, Sea Food, Government Bodies, Financial Institutions and Educational Institutions actively participated in the workshop and interacted with Mr. Maruyama on various aspects of the ADB procurement system.

PHOTO: Mr. A.O. Kuruvila Deputy Director WTC Mumbai, Mr. Sangram Mohaptra CGM (P&A) IDCO, Mr. Hiroyuki Maruyama, Principal Procurement Specialist Asian Development Bank, Mr. Jayant Ghate, Advisor, WTC Mumbai

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