India, Japan to sign MoC on sustainable urban development

03 Jun 2021 CW Team

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

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

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

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..