HUDCO signs MoU with NIUA to collaborate on urban infrastructure development

New Delhi: Housing and Urban Development Corporation Limited (HUDCO) has signed a Memorandum of Understanding (MoU) with the National Institute of Urban Affairs (NIUA) to jointly develop and promote initiatives aimed at strengthening urban infrastructure and sustainable urban development.

PSU Watch is now on Whatsapp Channels. Click here to join

The MoU, signed on November 24, outlines a collaboration framework under which the two organisations will work together on programmes related to urban infrastructure, infrastructure investment and HUDCO’s Urban Invest Window (UiWIN). The partnership also aims to facilitate capacity-building initiatives, including seminars, workshops and conferences, as well as joint research, monitoring, evaluation and impact assessment studies.

HUDCO and NIUA will additionally explore opportunities for collaboration with multilateral funding agencies and other suitable financing partners to support urban development projects. The agreement is non-binding and will serve as a broad framework for future cooperation, with specific project-based agreements to be executed separately.

The MoU was signed by HUDCO Director (Corporate Planning) M. Nagaraj and NIUA Director (AC) Dr Debolina Kundu. The understanding will remain valid for five years, with provisions for mutually agreed termination.

The partnership reinforces HUDCO’s commitment to advancing sustainable urban development and aligns with NIUA’s mandate as a premier think tank on urban policy and planning.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)