https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

IRS Officer L Satya Srinivas Appointed ADB Executive Director; India Signs $126 Million Loan for Uttarakhand Tourism

Mr Srinivas, an IRS officer of 1991 batch, has held several key roles in the Commerce and Industry Ministry, contributing to trade negotiations, export promotion, and infrastructure development.
Indian Masterminds Stories

New Delhi: In a significant bureaucratic development, the Appointments Committee of the Cabinet (ACC) has approved the appointment of L. Satya Srinivas (IRS-C&IT:1991), currently Special Secretary in the Department of Commerce, as the new Executive Director (India) at the Asian Development Bank (ADB).

His tenure will continue until his superannuation on February 28, 2026, and thereafter on a contractual basis for an overall period of three years or until further orders, whichever comes earlier. His appointment will be governed by the standard terms and conditions applicable to re-employed central government officers.

Mr Srinivas, an officer of the Indian Revenue Service (IRS) from the 1991 batch, has held several key roles in the Commerce and Industry Ministry, contributing to trade negotiations, export promotion, and infrastructure development.

ADB-India Collaboration Expands: $126.42 Million Loan for Uttarakhand Tourism

In a related development, India has signed a $126.42 million loan agreement with ADB to develop Tehri Lake in Uttarakhand into a world-class tourism hub. The initiative aims to enhance tourism-driven economic activity in the region, with a focus on sustainable and inclusive development.

The project is expected to:

  • Benefit over 87,000 local residents
  • Improve tourism infrastructure for 2.7 million annual visitors
  • Strengthen disaster resilience through climate-proof infrastructure
  • Include waste management, disaster preparedness, and community involvement

ADB officials stated the project will position Uttarakhand as an all-weather tourism destination, with special emphasis on women and youth participation, and private sector engagement in the region’s development.

A Strategic Appointment Amid Expanding India-ADB Ties

The appointment of L. Satya Srinivas to ADB comes at a time when India is strengthening its development cooperation with the multilateral bank. Srinivas replaces Vikas Sheel (IAS:1994:CG), who is expected to return to India and take over as Chief Secretary of Chhattisgarh, as per earlier reports.

India’s growing engagements with ADB, particularly in infrastructure, urban planning, and tourism, underline the importance of having seasoned bureaucrats like Srinivas in key global positions.

Read also: ACC Clears Promotion of 46 IRS Officers to Principal Commissioner Rank in Major Development, Tax Leadership Strengthened


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
POWERGRID Celebrates 36th Raising Day
POWERGRID Celebrates 36th Raising Day, Showcases Achievements in Power Transmission and Renewable Integration
Satpura Tiger Reserve
Satpura Tiger Reserve Sees New Tiger Cubs; Jhalai’s First Litter Captured
Madhya Pradesh Logo IM
Hotel & Resort Operators Can Now Conduct Jungle Safaris in MP Tiger Reserves
Sanjiv Bhatt Custodial Torture Case
Gujarat High Court Rejects Sanjiv Bhatt’s First-Class Prisoner Status Plea
Yogi Adityanath
Samarth Uttar Pradesh @2047: Over 53 Lakh Citizens Share Vision for Yogi Adityanath’s Prosperity Campaign
Haryana gov resized
Haryana Government Assigns Additional Charges to Three IAS Officers
Vishnu Deo Sai CM
Record-Breaking Diwali Trade in Chhattisgarh: Rs. 16,000 Crore Boost Fuels Economic Growth and 'Vocal for Local' Movement
CM Vishnu Sai Sohrai Karma Mahotsav 2025
Chhattisgarh CM Vishnu Sai Celebrates Sohrai Karma Mahotsav 2025, Announces Major Grants and Development Projects for Rautia Community
ADVERTISEMENT
ADVERTISEMENT
Videos
WhatsApp Image 2025-10-23 at 10.40
Everybody Needs To Know What Is Transpiring Behind Closed Doors Of Courts
WhatsApp Image 2025-10-19 at 12.23
UPSC Journey Should Be Enjoyable, Not Cumbersome
WhatsApp Image 2025-10-16 at 15.16
The Many Facets of Former IRS Officer and Author, Giselle Mehta | Video Interview
ADVERTISEMENT
UPSC Stories
Parmeshwar Chaudhary RAS
From Taunts to Triumph: How Farmer’s Son Parmeshwar Chaudhary Rose from Lab Assistant to SDM, Securing Rank 3 in RAS 2023
Parmeshwar, once taunted over his SI selection, has scripted a stunning success—securing Rank 3 in RAS...
IAS Rupal Rana UPSC
How Rupal Rana Cracked UPSC CSE 2023 with AIR 26 After Four Attempts
UPSC Topper Rupal Rana secured AIR 26 in 2023 after four attempts. Learn her preparation strategy, booklist,...
Ankita Parashar RAS 2023
4 Attempts, 1 Dream, 0 Excuses: Meet RAS Topper Ankita Parashar, Who Fulfilled a Daughter’s Promise & Secured Rank 2 | Exclusive Interview
Ankita Parashar, a teacher-turned-officer from Pushkar, fulfilled her late father’s dream by securing...
Social Media
IFS Parveen Kaswan
Heartbreak by the River: 15-Day-Old Elephant Calf Rejected by Mother, Rescued by IFS Parveen Kaswan and His Team
Jaldapra, West Bengal: In a moving incident that tugs at the heart, a 15-day-old elephant calf was rescued...
Ashwini Bhide IAS and Anand Mahindra
Who Is IAS Ashwini Bhide, Hailed as a Role Model for Mumbai Metro Transformation by Anand Mahindra?
From heritage to high-tech: Bhide’s leadership in Metro Line 3 earns public praise and admiration
World Rhino Day India
On World Rhino Day, IFS Officer Parveen Kaswan Shares Rare Insights - India Now Hosts 80% of the World’s One-Horned Rhinos
September 22 Marks Global Call for Rhino Conservation; India Holds 80% of World’s Greater One-Horned...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
POWERGRID Celebrates 36th Raising Day
POWERGRID Celebrates 36th Raising Day, Showcases Achievements in Power Transmission and Renewable Integration
Parmeshwar Chaudhary RAS
From Taunts to Triumph: How Farmer’s Son Parmeshwar Chaudhary Rose from Lab Assistant to SDM, Securing Rank 3 in RAS 2023
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
WhatsApp Image 2025-10-23 at 10.40
WhatsApp Image 2025-10-19 at 12.23
WhatsApp Image 2025-10-16 at 15.16
ADVERTISEMENT
ADVERTISEMENT