India, May 4 -- The Asian Development Bank is open to funding India's space sector, besides focusing on climate financing to reduce associated risks, its vice president Bhargav Dasgupta said.

ADB has not provided any assistance in the Indian space sector, although it has done some projects in satellite in the Asia Pacific region.

Talking to news agency PTI, Dasgupta said, "We have not done much till now. We are always open to look at new areas.we understand it has been opened up and there is lot of interest on startup side.if we find alignment with our objectives in terms of Sustainable Development Goals (SDGs), we will look at it."

ADB was founded in 1966 and is owned by 68 members. India is among its founding members. The bank is com...