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Cabinet approves India-Japan MoC on urban development | India News

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NEW DELHI: The Union Cabinet on Wednesday approved a memorandum of cooperation with Japan in the field of sustainable urban development that is expected to create job opportunities.
According to an official statement, the memorandum of cooperation (MoC) will be signed between the Ministry of Housing and Urban Affairs and the Ministry of Land, Infrastructure, Transport and Tourism of Japan to replace an existing 2007 memorandum of understanding on urban development.
The MoC is expected to create employment opportunities in the areas of sustainable urban development, including urban planning, smart city development, affordable housing, urban flood management, sewerage and wastewater management, urban transportation, including the system of intelligent transportation management, transit. oriented development and multimodal integration and disaster-resilient development.
The proposed memorandum of cooperation will allow the exchange of key learnings and best practices, the statement read.
A Joint Working Group (JWG) will be formed to design strategies and implement cooperation programs under the MoC. The JWG will meet once a year, alternately in Japan and India.
Cooperation under this MoC will begin on the day of its signature and will continue for a period of five years.
The agreement will promote strong, deep and long-term bilateral cooperation in the field of sustainable urban development between the two countries, the statement said.
The Union Cabinet was also informed of a memorandum of understanding signed between the Ministry of Housing and Urban Affairs and the Maldives Ministry of National Planning, Housing and Infrastructure on cooperation in the field of sustainable urban development.
The MoU was signed in February this year.
The aim of the MoU is to facilitate and strengthen India-Maldives technical cooperation in the field of sustainable urban development, including urban planning, smart city development, solid waste management, affordable housing, green urban mobility and transportation. Massive urban rapid, according to another statement. . PTI NAB
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Times of India

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