Cabinet approves India-Kenya MOU on housing policy

New Delhi:  The Union Cabinet on Monday gave its ex post-facto approval for a Memorandum of Understanding (MoU) between India and Kenya on cooperation in National Housing Policy Development and Management (NHPDM), an official statement said.

The MoU was signed on July 11, 2016 at Nairobi during Prime Minister Narendra Modi’s visit. The cabinet meeting was chaired by Prime Minister Modi.

Under the MoU, both the sides will collaborate on all matters relating to housing and human settlements through various strategies including training of personnel, exchange visits, expos/exhibitions, conferences and workshops.

“The cooperation between the two countries will focus on upscaling slum upgradation and prevention initiatives based on the experience and implementation process of each country. They will collaborate on development and sharing of information on housing and real estate database including market trends, best practices and investment opportunities,” the statement said.

“It will encourage technical cooperation in facilitating access to affordable housing from locally available building materials and also promote technical cooperation in development of government/public employee facilitated housing,” it added.

Credits NDTV

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