India, Germany ink pact for urban development and renewable energy

New Delhi, August 2: ‘Sixty years of successful Indo-Gerrman Development Cooperation’ taking this mantra further, India and Germany have signed an agreement on financial and technical cooperation focusing on sustainable urban development and renewable energy.

 

The government-to-government Umbrella Agreement on Financial Cooperation and Technical Co-operation 2017 is worth about 5,000 thousand crore rupees.

The agreement under the Indo-German Bilateral Development Cooperation was signed between Joint Secretary in the Finance Ministry, Sameer Kumar Khare, and German Ambassador to India, Martin Ney, in New Delhi on Wednesday.

Speaking at the event, the German Ambassador said, the priority of the co-operation is on sustainable urban development in the areas of sanitation, solid waste management and promotion of urban mobility.

“The committed funds serve to continue successful development policy programmes. The focus is on sustainable urban development,” he further added.

 

He also said that as part of the cooperation, areas such as infrastructure development, urban mobility and climate resilience that go along the Indian government’s ‘smart cities’ initiative are being promoted.