India, UK sign MoU on Urban Development

With an aim to encourage PPP in urban sector, the Govt of India signed a MoU on urban regeneration and development with UK. Urban Development Minister Kamal Nath and Dr. Vince Cable, the British Secretary of State for Business, Innovation and Skills signed the MoU.
Speaking on the occasion, Mr. Nath expressed appreciation of the urban regeneration works carried out in London and felt that India could benefit from the British experience. The Minister also highlighted the immense challenges and opportunities in the urban sector in India.
He informed that India would soon launch the next phase of the Jawaharlal Nehru Urban Renewal Mission (JNNURM) and that the Government of India is keen to encourage PPP in urban sector especially in larger cities.
The Minister stated that both India and Britain would benefit from the MoU, 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. He expressed the hope that this joint declaration would lead to enhanced cooperation and deepen the engagement between the two countries.
 

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