Cabinet approves MoU between India and Maldives
ECONOMY & POLICY

Cabinet approves MoU between India and Maldives

The union cabinet has approved a Memorandum of Understanding (MoU) between the Government of India, Government of Maldives, Ministry of National Planning, Housing and Infrastructure, Ministry of Housing and Urban Affairs (MoHUA) on cooperation in the area of Sustainable Urban Development. The MoU between India and Maldives was signed in February this year.

As per the official statement, a Joint Working Group (JWG) will be formed to plan and execute programmes on cooperation under the framework of the MoU. The Joint Working Group will convene once a year, alternately in India and Maldives.

The MoU will encourage strong, deep and long-term bilateral cooperation in the realm of Sustainable Urban Development within the two countries. The MoU is anticipated to generate employment in the field of sustainable urban development including Urban Green Mobility, Urban Planning, Affordable Housing, Urban Mass Rapid Transport, Smart Cities Development, Solid Waste Management.

The MoU that came into effect on 20 February 2021 (the date of signing by the two contracting parties), will remain in power for an indefinite term. MoU aims to promote and advance India-Maldives' technical cooperation in Sustainable Urban Development, including Urban Green Mobility, Urban Planning, Affordable Housing, Urban Mass Rapid Transport, Smart Cities Development, Solid Waste Management, and any other related field mutually accepted by contracting parties.

Image Source


Also read: India signs up to boost infra projects in Maldives

Also read: UK, India announce Rs 10,000 crore trade partnership

The union cabinet has approved a Memorandum of Understanding (MoU) between the Government of India, Government of Maldives, Ministry of National Planning, Housing and Infrastructure, Ministry of Housing and Urban Affairs (MoHUA) on cooperation in the area of Sustainable Urban Development. The MoU between India and Maldives was signed in February this year. As per the official statement, a Joint Working Group (JWG) will be formed to plan and execute programmes on cooperation under the framework of the MoU. The Joint Working Group will convene once a year, alternately in India and Maldives. The MoU will encourage strong, deep and long-term bilateral cooperation in the realm of Sustainable Urban Development within the two countries. The MoU is anticipated to generate employment in the field of sustainable urban development including Urban Green Mobility, Urban Planning, Affordable Housing, Urban Mass Rapid Transport, Smart Cities Development, Solid Waste Management. The MoU that came into effect on 20 February 2021 (the date of signing by the two contracting parties), will remain in power for an indefinite term. MoU aims to promote and advance India-Maldives' technical cooperation in Sustainable Urban Development, including Urban Green Mobility, Urban Planning, Affordable Housing, Urban Mass Rapid Transport, Smart Cities Development, Solid Waste Management, and any other related field mutually accepted by contracting parties. Image Source Also read: India signs up to boost infra projects in Maldives Also read: UK, India announce Rs 10,000 crore trade partnership

Next Story
Building Material

Trishakti Industries Secures Major Tata Steel Order

Trishakti Industries Limited has secured a significant order from Tata Steel Ltd for the deployment of advanced machinery and skilled manpower at one of the steel major’s flagship project sites.The contract, awarded domestically, involves the hiring of machines along with manpower, with execution set to be completed by 20th September 2025. The initial contract period is 12 months. The total fresh capital expenditure for the project is approximately Rs 1.5 million, while the overall contract value is expected to exceed Rs 5 million inclusive of taxes.This order marks a reinforcement of top-ti..

Next Story
Real Estate

Kalpataru Projects Secures Rs 27.2 Billion in New Orders

Kalpataru Projects International Limited (KPIL), a leading EPC player in the power transmission and distribution (T&D) and civil infrastructure sector, along with its international subsidiaries, has received new orders and notifications for projects worth approximately Rs 27.2 billion.The projects include:Power Transmission & Distribution (T&D) initiatives in India and overseas.Buildings and Factories (B&F) projects in India.Manish Mohnot, MD & CEO of KPIL, said, “We are delighted with the strong ordering momentum in our T&D and B&F businesses. The orders include ..

Next Story
Infrastructure Energy

ACME Solar Secures Rs 38.92 Billion Financing for Barmer Project

ACME Solar Holdings rose 2.05 per cent to Rs 308.50 after its wholly owned subsidiary, ACME Venus Urja, secured long-term project financing of Rs 38.92 billion from the State Bank of India (SBI).The funds will be utilised for the development and construction of a 400 MW Firm and Dispatchable Renewable Energy (FDRE) project in Barmer, Rajasthan. The loan repayment is structured over 19 years.The Barmer-based FDRE project is contracted with NHPC at a tariff of Rs 4.64 per unit. It will integrate solar power generation with a Battery Energy Storage System (BESS) to ensure higher reliability and d..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?