Lakshmi Venkatachalam

Lakshmi Venkatachalam

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Lakshmi Venkatachalam is the Vice-President (Private Sector and Cofinancing Operations) of ADB. She assumed office in June 2010.

Ms. Venkatachalam leads ADB's initiatives in Private Sector and Cofinancing activities. Under its long-term Strategy 2020 Framework, ADB's activities in private sector development and private sector operations are targeted to reach 50% of its annual operations by 2020. Strategy 2020 also envisages a significant increase in ADB's partnership-based cofinancing activities by 2020. Ms. Venkatachalam will lead ADB's efforts in assisting development-oriented private sector projects in the region, with a clear focus on challenging sectors and regions, as well as in building and strengthening cofinancing partnerships with various official and commercial cofinanciers with a view to mobilizing investment capital for the region.

Lakshmi Venkatachalam is the Vice-President (Private Sector and Cofinancing Operations) of ADB. She assumed office in June 2010.

Ms. Venkatachalam leads ADB's initiatives in Private Sector and Cofinancing activities. Under its long-term Strategy 2020 Framework, ADB's activities in private sector development and private sector operations are targeted to reach 50% of its annual operations by 2020. Strategy 2020 also envisages a significant increase in ADB's partnership-based cofinancing activities by 2020. Ms. Venkatachalam will lead ADB's efforts in assisting development-oriented private sector projects in the region, with a clear focus on challenging sectors and regions, as well as in building and strengthening cofinancing partnerships with various official and commercial cofinanciers with a view to mobilizing investment capital for the region.

Ms. Venkatachalam has over 30 years of experience in senior management positions. Prior to joining ADB she was the Director General of Shipping and Ex-Officio Additional Secretary for India's Ministry of Shipping. Before that she held the position of Principal Secretary to the Government of Karnataka, overseeing, at different periods, the departments of Commerce and Industry; Urban Development: Planning, Program Implementation, Economics and Statistics.

Other previous posts include Chairperson of the Coffee Board of India, Commissioner of the Bangalore Development Authority, Director of India's Ministry of Steel, and Managing Director of the State Cooperative Marketing Federation in Karnataka.

Ms. Venkatachalam, a national of India, holds an M.A. in Economics and Master in Business Administration from Boston University USA, and an M.A. in English from Jadavpur University in Calcutta, India.

Professional History

 
June 2010 - present Vice-President (Private Sector and Cofinancing Operations) of the Asian Development Bank
2008 - May 2010 Director General of Shipping and Ex-Officio Additional Secretary, Ministry of Shipping, Government of India, India
2005 - 2008 Principal Secretary for Department of Commerce and Industry; Department of Urban Development; Department of Planning, Program Implementation, Economics and Statistics, Government of Karnataka, India
2000 - 2005 Chairperson, Coffee Board of India, India
Chairperson, international Coffee Council, London, UK (2001 - 2002)
1995 - 1999 Commissioner, Bangalore Development Authority, Bangalore, Karnataka, India
1990 - 1995 Director, Ministry of Steel, Government of India
1990 Managing Director, State Cooperative Marketing Federation, Karnataka, India
1989 - 1990 Joint Secretary, Governor's Office, Government of Karnataka, India
1988 - 1989 District Commissioner, Tumker District, Government of Karnataka, India
1982 - 1985 Deputy Secretary, Public Works and Electricity Department, Government of Karnataka, India
1980 - 1982 Sub-Division Magistrate, Raichur Division, Government of Karnataka, India

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