INDIA INFRASTRUCTURE REPORT 2023

WHY IN NEWS?

PIB: The India Infrastructure Report 2023 on Urban Planning and Development was released on 4 December 2023 by Shri Venkaiah Naidu,  former Vice-President of India, who served as the Chief Guest (virtually) along with Mr. Amitabh Pant, G20 Sherpa of India and former CEO, NITI Aayog.

ABOUT

• It is a comprehensive document that covers various aspects of infrastructure planning, finance and governance in the country.
• The IIR 2023 has been a collaborative effort of theIDFC Foundation, Infrastructure Development Corporation (Karnataka) Ltd. (iDeCK) and the National Institute of Urban Affairs (NIUA).

KEY HIGHLIGHTS OF THE REPORT

1) Role of digital technology– The report highlights the transformative role of digital technology in shaping India’s urban landscape with focus on areas like smart cities.

2) Financing urban development– It examines the financial dimensions of urban development, with a special emphasis on public-private partnerships (PPPs). The report also analyses the financial sustainability of urban local bodies.

3) Component of effective urban governance- Report focuses on transient-oriented development, regulation of floor space and land prices, etc.

4) It also laid out a roadmap on how to improve the existing cities through urban redevelopment which merited the attention of planners and policy-makers.