Kochi Current Affairs - 2019
Category Wise PDF Compilations available at This Link
EU and France will give a grant of 3.5 million euros to three Indian cities- Nagpur, Kochi and Ahmedabad as part of the EU’s commitment under the Paris Climate agreement to curb emissions and promote sustainability in these cities.
The grants have been provided to help India’s smart city programme under the ‘Moblise Your City’ (MYC) initiative.
India has become the first country to get benefits from the MYC initiative.
The MYC initiative is supported by the French and German government and also has financial support of the European Union (EU). The initiative is aimed at helping 100 cities across the world to reduce Green House Gas (GHG) emissions by promoting sustainable urban transport and sustainability in urban spaces.
MYC initiative was emphasised by the Indian and European leaders during Prime Minister Modi’s recent visit to Europe.
Further it has been stated that more funds would be offered to India to carry forward its sustainable transport initiatives on the three smart cities.
French Development Agency (AFD) has been associated with several projects in India and conservation of biodiversity. AFD, at present, is funding the Vijayawada, Lucknow, Bengaluru, Kochi and Nagpur metro rail projects.
AFD is a public financial institution of France whose mandate is to implement the policy defined by the French government. It is headquartered in Paris. It finances projects in Africa, Asia, the Middle East, Latin America, the Caribbean and the French overseas territories to promote living conditions for populations and economic growth in these regions.
France is the ninth largest foreign investor in India.
Germany has decided to partner with India’s smart city programme and will help developing Kochi (Kerala), Bhubaneswar (Odisha) and Coimbatore (Tamil Nadu) as smart cities.
It was announced by State Secretary in Germany’s Ministry for Environment, Nature Conservation, Building and Nuclear Safety, Gunther Adler in New Delhi at the second meeting of the Indo-German Working Group on Urban Development.
These three cities are among the top 20 cities selected by Urban Development Ministry which are to be developed as smart cities.
This decision was taken after Union Government had invited Germany to be a partner in its Smart Cities programme in 2015. Earlier Germany had set up a six-member joint committee with India to identify the cities which it could develop as smart cities.
The joint committee had 2 representatives of Union Urban Development Ministry, 1 from the Union Ministry of Housing and Urban Poverty Alleviation, and 3 from Germany.
It should be noted that Germany is India’s second largest bilateral donor after Japan with a record commitment of 1.5 billion Euros agreed in the year 2015.