Union Cabinet approved Memorandum of Cooperation (MoC) on Sustainable Urban Development between India and Japan.
To implement and strategize programmes on cooperation under MoC, a Joint Working Group (JWG) will be constituted.
JWG will meet once in a year in Japan as well as in India, alternately.
The Cooperation under MoC will continue for a period of 5 years, which can be auto-renewed for 5 years at a time.
It is expected to create employment opportunities in listed areas of sustainable urban development like Urban Planning, affordable housing, rental housing, Smart Cities Development etc.