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    PHOTO CREDIT-AIR INDIA

    Air India introduces ‘basic’ fare option, expanding customer choice in economy class on domestic travel.

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    “Our vision is to make nutrition a standard feature in every kitchen, not a luxury.”-Mr. Jambulingappa Hosmani, MD, Panchamrutha Industries Pvt. Ltd

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  • Home
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    PHOTO CREDIT-AIR INDIA

    Air India introduces ‘basic’ fare option, expanding customer choice in economy class on domestic travel.

    PHOTO CREDIT-Piaggio Group

    The Piaggio Group and Rome celebrate the Vespa’s 80th anniversary.

    Bharat Innovates 2026 begins in Nice, forging new India–Europe deep-tech partnerships.

    Prime Minister of India Shri Narendra Modi and French President HE Emmanuel Macron Inaugurate “Bharat Innovates 2026”, Strengthening Indo-French Deep Tech Alliance

    PHOTO CREDIT-AIR INDIA

    From your home city to the world: Air India introduces ‘Easy Connect’ flights, leads rollout from Varanasi on 25 June

    Janet Truncale and Ajay Anand inaugurate ey.ai Center of Reimagination

    EY GDS Launches ey.ai Center for Reimagination in Bengaluru.

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    Final Window Till June 30 to Pay Penalty for Cancelled Newspaper Titles: PRGI Advisory

    PHOTO CREDIT-AIR INDIA

    Air India introduces ‘basic’ fare option, expanding customer choice in economy class on domestic travel.

    Orient Electric launches India’s most silent fan Aerosilent.

    SWRWWO-Bengaluru Division Donates Groceries and Medical Consumables to Old-Age Home.

    ISKCON Bangalore Releases ‘Srila Prabhupada Charitamrutam’First Kannada Mahākāvya on the Life of Śrīla Prabhupāda .

    Highways Transformation: Powering India’s Journey Towards Viksit Bharat

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    Lockheed Martin, GM Defense Collaborate to Strengthen America’s Manufacturing and Defense Industrial Base

    Tata Steel reports Consolidated EBITDA of Rs 34,848 crores and Profit after Tax of Rs 10,886 crores for the twelve months ended March 31, 2026

    Bharat Innovates 2026 begins in Nice, forging new India–Europe deep-tech partnerships.

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    Mr. Ravindran Govindan, Chairman of Fischer Medical Ventures Limited.

    NYB.AI Featured in NVIDIA GTC Taiwan 2026 Opening Showcase, Marking Milestone in AI-Driven Drug Discovery Collaboration.

    Narayana Health City Performs India’s First Pulsed Field Ablation for Advanced Treatment of Atrial Fibrillation.

    WellSpan Health and Philips Announce Landmark Strategic Alliance, Accelerating Innovation and Research Across Central Pennsylvania and Northern Maryland

    Dr. M. R. Jayaram, Chancellor, RISM, and other RISM members addressed a press meet organized on Monday, 1st June 2026 at the Ramaiah Institute of Science and Management, Bengaluru

    Ramaiah Group and University at Albany Launch RISM, India’s First Greenfield Deemed-to-be University Focused on STEM and Management.

    Samsung Announces World-First Breakthrough in Fainting Prediction With Galaxy Watch.

    PHOTO CREDIT-PHILIPS

    Disney and Philips bring together beloved storytelling and innovative technology to support kids undergoing MRI exams

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    India’s Space Economy Poised to Reach USD 45 Billion in Next Decade; over 400 Space StartUps driving the next phase of growth: Dr Jitendra Singh .

    Union Minister Dr. Jitendra Singh Calls for Stronger Industry-Academia Partnerships to Accelerate Science-Led Growth.

    SAP Labs India Unveils 2026 Startup Studio Cohort Focused on Enterprise AI and Deep-Tech Innovation.

    Cisco Unveils Agentic Platform for Operating and Defending Critical IT Infrastructure.

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    PHOTO CREDIT-Piaggio Group

    The Piaggio Group and Rome celebrate the Vespa’s 80th anniversary.

    Flex Fuel Vehicles offer India a practical solution to reduce crude oil imports, provide additional income to Indian farmers, and advance low-carbon mobility: Sh. Hardeep Singh Puri

    Audi announces third generation of the Q7.

    India’s First D+ SUV - MG MAJESTOR

    MG MAJESTOR 4X2 Automatic Top Trim Launched at INR 40.99 Lakhs(ex-showroom price)

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    Image Credits: APL

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    Hyderabad to Host Second Season of Archery Premier League This October; World’s Top Archers to Compete.

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    UNDP Goodwill Ambassador and ‘Game of Thrones’ star Nikolaj Coster-Waldau highlights Odisha’s mangrove restoration story in global documentary series

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India has a critical opportunity to drive resilient urban development, says new World Bank report

FWM by FWM
July 22, 2025
in Business
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NEW DELHI, July 22, 2025 – A new World Bank report notes that Indian cities hold tremendous potential as centers of economic growth with 70 percent of new jobs coming from cities by 2030. However, timely action is needed for cities to deal with impacts from extreme weather events and avert billions of dollars in future losses.

The report titled Towards Resilient and Prosperous Cities in India, prepared in close collaboration with the Ministry of Housing and Urban Affairs, states that with India’s urban population expected to almost double by 2050 to 951 million, more than 144 million new homes will be needed by 2070. At the same time, intense heat waves and urban heat island effects are already causing temperatures in city centers to rise by over 3-4 degrees over surrounding areas. The rapid growth of built-up areas is also reducing cities’ capacity to absorb storm water, making them more vulnerable to floods.

The new report, which studied 24 Indian cities, with a special focus on Chennai, Indore, New Delhi, Lucknow, Surat and Thiruvananthapuram, finds that timely adaptation can avert billions of dollars of annual losses from future weather-related shocks. For example, annual pluvial flood-related losses can be averted and can amount to $5 billion by 2030, and $30 billion by 2070. Investments in adaptation will also save over 130,000 lives from extreme heat impacts by 2050.

With over 50 percent of the urban infrastructure required for 2050 still to be built, India has a critical opportunity to drive resilient urban infrastructure development.

“The imperative for India to build resilient cities at scale is clear. By investing in more green and resilient urban development—including housing, transport, and municipal services – cities can better mitigate extreme heat conditions and urban floods, and continue to grow and create jobs,” said Auguste Tano Kouamé, World Bank Country Director.

To urgently help Indian cities and support vulnerable populations, this report outlines key recommendations:

  1. Implement programs to address extreme urban heat and flooding, including better regulation of stormwater, green spaces, installation of cool roofs, and effective early warning systems.
  2. Invest in resilient infrastructure and municipal services, energy efficient and resilient housing, modernize solid waste management, and make urban transport flood resilient.
  3. Improve access to urban finance through better private sector engagement.

The report estimates that investments of over $2.4 trillion will be needed by 2050 to meet the need for new, resilient, and low-carbon infrastructure and services in cities. The private sector’s role will be critical in meeting these investments.

“Many Indian cities are showing the way to improve adaptation measures, benefit from good practices and fast track actions towards resilient urban growth,” said Asmita Tiwari and Natsuko Kikutake, co-authors of the report. “Timely interventions will help India’s cities continue to safeguard lives and properties, attract new businesses and jobs, and drive innovation.”

The report cites how several cities in India are already taking urgent steps to build resilience. Ahmedabad has developed a Heat Action Plan model which aims to strengthen early warning systems, improve healthcare readiness, increase green cover and shift work schedules for outdoor laborers. Kolkata has adopted a city-level flood forecasting and warning system. Indore has invested in a modern solid waste management system, improving cleanliness and supporting green jobs. Chennai has adopted a climate action plan based on thorough risk assessment and targeting both adaptation and low-carbon growth.

The report was supported by a multi-donor trust fund, Global Facility for Disaster Reduction and Recovery (GFDRR).

FWM

FWM

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