Union Cabinet of India formally approved Memorandum of Cooperation on Sustainable Urban Development under the Chairmanship of Prime Minister Modi. The MoC signed between India and Japan by suspending the existing MoU of 2007 on Urban Development.
Implementation of MoC
To implement and strategize programmes on cooperation under MoC, a Joint Working Group will be constituted. Joint Working Group will meet once in a year in Japan as well as in India, alternately. Cooperation under Memorandum of Cooperation will continue for a period of 5-years, which can be auto-renewed for 5-years at a time.
It will promote strong, deep and long-term bilateral cooperation with respect to Sustainable Urban Development between the countries. It is expected to create employment opportunities in listed areas of sustainable urban development including Urban Planning, affordable housing, rental housing, Smart Cities Development, Urban Flood Management, water management, Sewerage & Waste Water Management etc.
The Memorandum of Cooperation seeks to facilitate and strengthen India-Japan technical cooperation in field of Sustainable urban development and other listed areas which will be mutually identified by both the countries. It will also enable exchange of key learnings and best practices in listed areas.
Union Cabinet approves MoC on Sustainable Urban Development Union Cabinet approves MoC on Sustainable Urban Development