July 16, 2023 9:17 PM

Finance Minister Nirmala Sitharaman calls for investment by private sector in urban infrastructure to create resilient future cities.

Union Finance Minister Nirmala Sitharaman has stressed the need to augment private-sector partnerships in financing future cities. Addressing the Investors' Dialogue, at GIFT City in Gandhinagar today, Ms Sitharaman said innovative financing by the private sector in urban infrastructure is imperative for the creation of sustainable and resilient future cities. She said in view of the rapid urbanization, cumulative climate investment needed for cities is estimated to be 29.4 trillion dollars...