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Approved: India-Japan cooperation on sustainable development

Fiinews by Fiinews
June 2, 2021
in Contract, Infrastructure, Projects
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JWG to strategize and implement programmes

The Cabinet has approved Memorandum of Cooperation (MoC) to facilitate and strengthen India-Japan technical cooperation in the field of Sustainable urban development including Urban Planning, Smart Cities Development, Affordable Housing (including rental housing), Urban Flood Management, Sewerage and Waste Water Management, Intelligent Transport Management System, Transit-Oriented Development, Multimodal Integration, Disaster Resilient development and other areas as mutually identified by both Sides.

The proposed MoC will enable exchange of key learnings and best practices in the above-mentioned areas, said the Cabinet in a release on 2 June 2021.

The MoC was signed by the Ministry of Housing & Urban Affairs for India and the Ministry of Land, Infrastructure, Transport and Tourism for Japan. It overrides the existing MoU of 2007 on Urban Development.

A Joint Working Group (JWG) will be constituted to strategize and implement programmes on cooperation under the framework of the MoC. The Joint Working Group will meet once in a year, alternately in Japan and in India.

The cooperation under this MoC will commence on the date of its signature and continue for a period of 5 years. Thereafter, it may be renewed automatically for further successive periods of 5 years at a time.

The MoC will promote strong, deep and long-term bilateral cooperation in the field of Sustainable Urban Development between the two countries. #infrastructure #tenders #projects #investment #environment /fiinews.com

Tags: Ministry of Housing and Urban Affairs
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