Sun, Sep 21, 2025
In a major move to strengthen India’s representation at the Asian Development Bank (ADB), the government has approved the appointment of L Satya Srinivas, an IRS officer of 1991-batch, as the Executive Director at the multilateral international lending agency.
Srinivas is currently posted as the Special Secretary in the Department of Commerce under the Ministry of Commerce & Industry.
An order issued by the Department of Personnel & Training (DoPT) stated, “The Appointments Committee of the Cabinet has approved the appointment of Shri L Satya Srinivas, IRS (C&IT:1991), Special Secretary, Department of Commerce, Ministry of Commerce & Industry as Executive Director (India), Asian Development Bank till the date of his superannuation (i.e. 28 February 2026) and thereafter on contract basis for an overall period of three years from the date of assumption of charge of the post or until further orders, whichever is earlier, on usual terms and conditions applicable to re-employed central Government officers.”
Indian Revenue Service officer Srinivas has held several key roles in the Commerce and Industry Ministry, contributing to trade negotiations, export promotion and infrastructure development.
Srinivas is going to replace 1994-batch Indian Administrative Service (IAS) officer of Chhattisgarh cadre Vikas Sheel, who is expected to return to India and will reportedly take over the charge of the Chief Secretary of Chhattisgarh.
Srinivas is going to the ADB at a time when India is deepening its engagement with ADB, particularly in infrastructure, urban planning and tourism. This also underlines the importance of having a seasoned bureaucrat like Srinivas in key global positions.
Meanwhile, in a related development, it is learnt from officials that as part of the ADB-India collaboration, the country has signed a US$ 126.42 million loan agreement 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.