Cabinet approves the extension of Memorandum of Understanding (MoU) between India and Netherlands

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Capital Market
Last Updated : Jun 07 2018 | 11:16 AM IST
The Union Cabinet chaired by Prime Minister Shri Narendra Modi was apprised of the Memorandum of Understanding (MoU) signed between India and Netherlands on technical cooperation in the field of Spatial Planning, Water Management and Mobility Management in April, 2018.

Details

The objectives of this MoU are to promote and strengthen the collaboration between the signatories in the areas of Spatial Planning, Water Management and Mobility Management on the basis of equivalence, affordable housing, smart city development, geographical information system (GIS) for water supply & sewerage system, waste water reuse and recycle, conservation of fresh water by artificial recharge of aquifer, integrated solid waste management and heritage conservation and mutual benefit, taking into account the practical needs of both the countries.

Implementation strategy

Under this MoU, a Joint Working Group (JWG) will be set up to strategize and implement programmes on cooperation under the framework of the MoU. The Joint Working Group will meet once in a year, alternately in the Netherlands and in India.

Major Impact

The MoU will promote bilateral cooperation in the field of Spatial Planning, Water Management and Mobility Management between the two countries.

Beneficiaries

The MoU is expected to create employment in the areas of Spatial Planning, Water Management and Mobility Management, smart cities development, affordable housing, waste management, urban environment and heritage preservation.

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First Published: Jun 07 2018 | 11:00 AM IST

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