India, UK sign MoU on urban development
India and United Kingdom have signed an MoU on urban regeneration and development in London. Urban development minister Kamal Nath said both the countries would benefit from this agreement as it would provide an enabling platform for the officials, professionals and business leaders to meet and share knowledge and best practices in the urban sector.
The MoU envisages promotion of cooperation in the areas of sustainable master planning, transport planning, land economics, heritage management, regeneration governance, regeneration capacity building and public private partnership financing arrangements.
Nath expressed appreciation of the urban regeneration works carried out in London and felt that India could benefit from the British experience. He informed that India would soon launch the next phase of the Jawaharlal Nehru Urban Renewal Mission and that the government is keen to encourage PPP in urban sector especially in larger cities. He invited the international firms including British firms to participate in the process.