Jagran Josh Logo

India, Germany sign agreement for cooperation in sustainable urban development

Aug 2, 2018 10:44 IST
India, Germany sign agreement for cooperation in sustainable urban development

India and Germany on August 1, 2018 signed an agreement on financial and technical cooperation, with a special focus on sustainable urban development and renewable energy.

The agreement was signed between German Ambassador to India, Martin Ney and Joint Secretary, (Department of Economic Affairs), Finance Ministry, Sameer Kumar Khare.

Objective

The agreement mainly prioritises cooperation between India and Germany in the area of renewable energy.

It also focuses on cooperation in sustainable urban development in areas of sanitation, solid waste management and promotion of urban mobility.

Significance

The bilateral agreement will help reduce the emission of greenhouse gases and also help India in achieving its goal of curbing such emissions.

Background

In December 2017, Germany had pledged nearly Rs 8,500 crore for the development cooperation with India during Indo-German inter-governmental negotiations.

In February 2018, a MoU was signed between Union Ministry for Housing and Urban Affairs and the German development agency (GIZ) to develop and apply concepts for sustainable urban development providing urban basic services and housing in select cities as well as smart cities in India.

GIZ had agreed to contribute up to €8 million for the project which would run for a period of three years.

Overall, the year 2018 commemorates 60 years of bilateral development cooperation between India and Germany.

 

Video: Check out the latest current affairs of this week

Read More Current Affairs

Is this article important for exams ? Yes1 Person Agreed

Latest Videos

Register to get FREE updates

    All Fields Mandatory
  • (Ex:9123456789)
  • Please Select Your Interest
  • Please specify

  • ajax-loader
  • A verifcation code has been sent to
    your mobile number

    Please enter the verification code below

Newsletter Signup
Follow us on
This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK