Holistic Urban Ecosystem for Services: Hardeep Singh Puri
By Rediff Money Desk, NEWDELHI Nov 29, 2023 21:45
Housing Minister Hardeep Singh Puri stresses the need for a holistic urban ecosystem to ensure last-mile access to services, enhance operational efficiency, and integrate digital technology.
![Holistic Urban Ecosystem for Services: Hardeep Singh Puri](https://im.rediff.com/money/2016/feb/08city-1.jpg)
New Delhi, Nov 29 (PTI) There is a need to look to the future and focus on creating a holistic urban ecosystem for ensuring last-mile access to services, enhanced operational efficiencies, financial sustainability of projects, and integration of digital technology, said Housing and Urban Affairs Minister Hardeep Singh Puri on Wednesday.
He highlighted that Indian cities need to increase their capabilities -- individually, organisationally, and institutionally.
He was speaking at a national workshop organised by the Ministry of Finance and Ministry of Housing and Urban Affairs (MoHUA) in association with the International Finance Corporation (IFC).
The workshop aimed at bringing out the key learnings towards attracting private capital for urban infrastructure in the context of the work done by the IWG during India's G20 Presidency.
The New Delhi Leaders Declaration (NDLD) 2023, has endorsed the Principles for Financing Cities of Tomorrow: sustainable, resilient, and inclusive as one of the key outcomes of the Infrastructure Working Group (IWG).
The principles encompass urban planning reforms, augmenting own source revenues, maximising investment efficiency, improving the creditworthiness of cities, using innovative financing instruments such as green, social, and sustainable bonds, creating a pipeline of investible projects, enabling regulatory environment and capacity augmentation of city administrations and institutional preparedness.
During the context setting of the workshop, Economic Affairs Secretary Ajay Seth said the purpose of this workshop is to integrate IWG's outcomes into India's domestic policy-making process and emphasise the potential and significance of cities of tomorrow as engines of socio-economic growth of the country.
Seth also emphasised on the need of planning 'cities of tomorrow' to be sustainable, resilient and inclusive.
During the session, Manoj Joshi, Secretary, MoHUA, brought up the need for long-term urban planning, unlocking the potential value of land, creating a conducive environment for attracting private financing and augmenting technical and institutional capacities.
Joshi also highlighted the need for cities to focus on increasing their own source revenues to enable them to finance urban infrastructure development.
He also underlined the need for value capture financing' of urban resources to overcome the financing gap in urban infrastructure projects.
He highlighted that Indian cities need to increase their capabilities -- individually, organisationally, and institutionally.
He was speaking at a national workshop organised by the Ministry of Finance and Ministry of Housing and Urban Affairs (MoHUA) in association with the International Finance Corporation (IFC).
The workshop aimed at bringing out the key learnings towards attracting private capital for urban infrastructure in the context of the work done by the IWG during India's G20 Presidency.
The New Delhi Leaders Declaration (NDLD) 2023, has endorsed the Principles for Financing Cities of Tomorrow: sustainable, resilient, and inclusive as one of the key outcomes of the Infrastructure Working Group (IWG).
The principles encompass urban planning reforms, augmenting own source revenues, maximising investment efficiency, improving the creditworthiness of cities, using innovative financing instruments such as green, social, and sustainable bonds, creating a pipeline of investible projects, enabling regulatory environment and capacity augmentation of city administrations and institutional preparedness.
During the context setting of the workshop, Economic Affairs Secretary Ajay Seth said the purpose of this workshop is to integrate IWG's outcomes into India's domestic policy-making process and emphasise the potential and significance of cities of tomorrow as engines of socio-economic growth of the country.
Seth also emphasised on the need of planning 'cities of tomorrow' to be sustainable, resilient and inclusive.
During the session, Manoj Joshi, Secretary, MoHUA, brought up the need for long-term urban planning, unlocking the potential value of land, creating a conducive environment for attracting private financing and augmenting technical and institutional capacities.
Joshi also highlighted the need for cities to focus on increasing their own source revenues to enable them to finance urban infrastructure development.
He also underlined the need for value capture financing' of urban resources to overcome the financing gap in urban infrastructure projects.
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- GTL Infrastructure
- 2.93 ( -4.87)
- 226206286
- IFL Enterprises
- 1.30 (+ 4.84)
- 81461564
- Vodafone Idea L
- 16.79 (+ 0.66)
- 67447398
- NCL Research
- 0.95 ( -4.04)
- 31996628
- Franklin Industries
- 3.73 (+ 3.32)
- 21511209
MORE NEWS
![Kochi Water Metro...](https://im.rediff.com/80-80/money/2015/jul/01metro1.jpg)
Kochi Water Metro Model: Replicable in Kolkata,...
Kochi Water Metro's success paves the way for similar projects in Kolkata, Mumbai,...
![Motilal Oswal MF...](https://im.rediff.com/80-80/money/2023/feb/19zomato1.jpg)
Motilal Oswal MF Sells Zomato Shares for Rs 646...
Motilal Oswal Mutual Fund has sold its stake in Zomato for Rs 646 crore through an open...
![Gold and Silver...](https://im.rediff.com/80-80/money/2014/mar/03gold3.jpg)
Gold and Silver Rates Today: July 16, 2023
Get the latest gold and silver rates for July 16, 2023. Check the prices of standard...