⇒ The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has approved the signing of Memorandum of Cooperation on Sustainable Urban Development between the Ministry of Housing & Urban Affairs, India and the Ministry of Land, Infrastructure, Transport and Tourism, Japan. The Union Cabinet has approved the signing of MoC in supersession of existing MoU of 2007 on Urban Development.
Duration:
The cooperation under this MoC will commence from the day it is signed and the duration of the cooperation is five years. Thereafter, it may be renewed automatically for further successive periods of 5 years at a time.
Objective:
The objectives of the MoC are to facilitate and strengthen India-Japan technical cooperation in the field of Sustainable urban development including Urban Planning, Smart Cities Development, Urban Flood Management, Sewerage and Waste Water Management, Intelligent Transport Management System and other areas.
Benefits:
The MoC is expected to create employment opportunities in these areas.