World Economic Forum (WEF) on 13 April 2015 released a report titled Urban Development Recommendations for India under the Future of Urban Development and Services (FUDS) Initiative. The report has been written in collaboration with Accenture.The report highlights the importance of wider private-sector participation to bridge the urban infrastructure and services funding gap of 110 billion US dollars, which is widening due to India’s rapid urban population growth.
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The WEF in its report has made three recommendations on urban development.
These recommendations are:
- Integrate spatial planning at all governmental levels: The primary goal of spatial planning is to integrate housing, strategic infrastructure and urban infrastructure, and improve national and local governance in the context of urban development.
- Create a stable policy framework for private investment in urban infrastructure: This emphasizes on creating right conditions for the investors and foster public-private partnerships to enable investments in strategic infrastructure and urban development.
- Create institutions to stimulate capacity building and attract talent to grow businesses: Private sector participation requires creation of institutions that will help the private sector in increasing the quality of white collar service jobs .
About FUDS Initiative
- The WEF Future of Urban Development and Services (FUDS) Initiative serves as a partner in transformation to cities around the world as they seek to address major urban challenges and transition towards smarter, more sustainable cities in this rapidly urbanizing world.
- The FUDS Initiative works collaboration with local partners.
- The initiative has developed a strong brand and is recognised by our Partners as the Forum’s central project dealing with urban development and the transformation of our cities.
The report on India is the third in the FUDS Initiative. The first two presented the results of the initiative’s engagement with three Chinese citi
