India, Japan to sign MoC on sustainable urban development
ECONOMY & POLICY

India, Japan to sign MoC on sustainable urban development

The union cabinet, chaired by Prime Minister Narendra Modi, has approved the signing of a Memorandum of Cooperation (MoC) on sustainable urban development between the Ministry of Housing and Urban Affairs of the Government of India and the Ministry of Land, Infrastructure, Transport, and Tourism of the Government of Japan, which supersedes an existing MoU on Urban Development signed in 2007.

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

The cooperation under this MoC will begin on the date of signature and will last for five years. Following that, it can be automatically renewed for up to five years at a time.

The MoC will promote strong, deep, and long-term bilateral cooperation between the two countries in the field of Sustainable Urban Development.

Employment opportunities are expected in the areas of sustainable urban development, smart cities development, including urban planning, urban flood management, affordable housing (including rental housing), urban transport (including Intelligent Transport Management System, Transit-Oriented Development and Multimodal Integration) and disaster resilient development.

The MoC's goals are to facilitate and strengthen technical cooperation between India and Japan in the areas of sustainable urban development, such as:

Urban planning

Smart city development

Affordable housing (including rental housing)

Urban flood management

Sewerage and wastewater management

Intelligent transportation management systems

Transit-oriented development

Multimodal integration

Disaster-resilient development

The proposed Memorandum of Cooperation will allow for the exchange of key learnings and best practices in the aforementioned areas.

Image Source


Also read: Japan to lend Rs 14k cr to India for metro, infra projects

The union cabinet, chaired by Prime Minister Narendra Modi, has approved the signing of a Memorandum of Cooperation (MoC) on sustainable urban development between the Ministry of Housing and Urban Affairs of the Government of India and the Ministry of Land, Infrastructure, Transport, and Tourism of the Government of Japan, which supersedes an existing MoU on Urban Development signed in 2007. A Joint Working Group (JWG) will be formed to strategise and implement cooperation programmes within the framework of the MoC. The Joint Working Group will meet once a year, in Japan and India alternately. The cooperation under this MoC will begin on the date of signature and will last for five years. Following that, it can be automatically renewed for up to five years at a time. The MoC will promote strong, deep, and long-term bilateral cooperation between the two countries in the field of Sustainable Urban Development. Employment opportunities are expected in the areas of sustainable urban development, smart cities development, including urban planning, urban flood management, affordable housing (including rental housing), urban transport (including Intelligent Transport Management System, Transit-Oriented Development and Multimodal Integration) and disaster resilient development. The MoC's goals are to facilitate and strengthen technical cooperation between India and Japan in the areas of sustainable urban development, such as: Urban planning Smart city development Affordable housing (including rental housing) Urban flood management Sewerage and wastewater management Intelligent transportation management systems Transit-oriented development Multimodal integration Disaster-resilient development The proposed Memorandum of Cooperation will allow for the exchange of key learnings and best practices in the aforementioned areas. Image SourceAlso read: Japan to lend Rs 14k cr to India for metro, infra projects

Next Story
Technology

Creativity is for Humans, Productivity is for Robots!

On most construction sites, the rhythm of progress is measured by the clang of steel, the hum of machinery and the sweat of thousands. But increasingly, new sounds are entering the mix: the quiet efficiency of algorithms, the hum of drones overhead, and the precision of robotic arms at work. Behind the concrete and cables, an invisible force is taking hold: data. It is turning blueprints into living simulations, managing fleets of machines, and helping engineers make decisions before a single brick is laid. This is not the construction of tomorrow; it is the architecture of today – built on ..

Next Story
Infrastructure Urban

Bhartiya Urban Unveils ‘Bhartiya Converge’ GCC Enablement Platform

Bhartiya Urban has launched Bhartiya Converge, its latest business venture designed to become India’s premier platform for enabling Global Capability Centres (GCCs). The initiative offers an integrated ecosystem aimed at helping global clients gain a competitive edge in today’s rapidly evolving business environment. Focused on enhancing turnaround time and operational efficiencies, the company seeks to deliver better business outcomes powered by top-tier talent. Bhartiya Converge presents a customised and integrated suite of microservices that addresses the nuanced and evolving operational..

Next Story
Real Estate

Macrotech expands Pune footprint with five acre land development

Macrotech Developers, a leading real estate company, has entered into a development agreement with Goel Ganga Developments for a 5.1-acre land parcel located in Pune’s western suburb of Wakad, according to property registration documents accessed by Propstack. With the addition of this project, Macrotech, also known as Lodha Group, now has a total of 11 ongoing or completed projects in the Pune market. As per the registration documents, Macrotech paid a stamp duty of Rs 80.26 million for the land, based on a transaction value of approximately Rs 1.65 billion. Under the terms of the develop..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?