[1][2] Its objective is to promote research and knowledge sharing in the fields of infrastructure risk management, standards, financing, and recovery mechanisms.

It aims to achieve substantial changes in member countries' policy frameworks and future infrastructure investments, along with a major decrease in the economic losses suffered due to disasters.

[citation needed] Algeria, Egypt, Malaysia, Mexico, Norway, Pakistan, the Republic of Korea, Spain and Switzerland were invited.

[citation needed] CDRI was first proposed by Indian Prime Minister Narendra Modi during the 2016 Asian Ministerial Conference on Disaster Risk Reduction held at Vigyan Bhavan, New Delhi.

[9][10] It also specified that the financial resources required for research purposes will be met through the existing budget of Ministry of AYUSH's National Medicinal Plants Board.

"[17] Twelve countries participated in the launch event alongside India: namely Australia, Bhutan, Fiji, Indonesia, Italy, Japan, Maldives, Mexico, Mongolia, Rwanda, Sri Lanka and the United Kingdom.

"[17] The Special Representative of the Secretary-General for Disaster Risk Reduction, Mami Mizutori, termed CDRI as a "transformative initiative", adding that disaster-resilient infrastructure is "critical" to significantly reduce economic losses.