Nirmala Sitharaman pitches for public, private capital to build financially sustainable cities
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Finance Minister Nirmala Sitharaman on Friday called for a mix of public and private capital to build financially sustainable cities in India.
- ✓"The Indian approach combines public investment, stronger municipal finances, development finance and private capital," she said.
- ✓These efforts aim to improve urban infrastructure through various government schemes.
Story at a Glance
- Category
- BUSINESS
- Reported By
- The Economic Times
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
Synopsis
Finance Minister Nirmala Sitharaman highlighted the importance of creating sustainably investable cities in India. She proposed a combination of public investment alongside private capital to achieve these goals. Various urban development initiatives have been established to support this approach effectively. The Urban Challenge Fund aims to improve municipal finances and is pivotal for project preparation. Overall, the strategies discussed will enhance urban planning and infrastructure development throughout the country.
New Delhi: Finance Minister Nirmala Sitharaman on Friday called for a mix of public investment, stronger municipal finances, development finance and private capital to build financially sustainable, investable cities in India.
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
The Economic Times
Read the full, original unfiltered story directly on the publisher's portal.