Current AffairsIndia

Cabinet nod to India, Japan MoC on urban development

New Delhi: The Union Cabinet on Wednesday approved a Memorandum of Cooperation (MoC) between India and Japan on supersession of existing MoU of 2007 on Urban Development.

A Joint Working Group (JWG) will be constituted to strategize and implement programmes on cooperation under the framework of the MoC. The Group will meet once in a year, alternately in Japan and in India, an official statement said here.

The cooperation under this MoC will commence on the date of its signature and continue for a period of 5 years. Thereafter, it may be renewed automatically for further successive periods of 5 years at a time.

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

The MoC is expected to create employment opportunities in the areas of sustainable urban development, including Urban Planning, Smart Cities Development, Affordable Housing, (including rental housing), Urban Flood Management, Sewerage and Waste Water Management, Urban Transport (including Intelligent Transport Management System, Transit-Oriented Development and Multimodal Integration) and Disaster Resilient development, the release stated.

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, Affordable Housing (including rental housing), Urban Flood Management, Sewerage and Waste Water Management, Intelligent Transport Management System, Transit-Oriented Development, Multimodal Integration, Disaster Resilient development and other areas as mutually identified by both sides.

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