Shri Kamal Nath, Union
Minister of Urban Development and Dr. Vince Cable, the British Secretary
of State for Business, Innovation and Skills signed an MoU on Urban
Regeneration and Development in London today.
Speaking on the occasion, Shri Kamal 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 and that the Government of India is keen to
encourage PPP in urban sector especially in larger cities. He invited
the international firms including British firms to participate in the
Shri Kamal Nath 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.
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.
Shri Kamal Nath also participated in a business roundtable organized by
the UK India Business Council. The roundtable was attended by leading
infrastructure companies such as Aecom, Arup, Balfour Beatty Plc, HOK,
JCB, Mott MacDonald etc. Shri Kamal Nath also met Mr. George Osborne,
Chancellor of the Exchequer UK.