INDIA INFRASTRUCTURE REPORT 2023

06.12.2023

INDIA INFRASTRUCTURE REPORT 2023 , Daily Current Affairs , RACE IAS : Best IAS Coaching in Lucknow 

 Why in the news?

The India Infrastructure Report 2023 (IIR 2023) released by Shri Venkaiah Naidu, the former Vice-President of India, highlights various crucial aspects of urban planning and development in India.

Important points:

• The report is a collaborative effort of the IDFC Foundation, Infrastructure Development Corporation (Karnataka) Ltd. (iDeCK), and the National Institute of Urban Affairs (NIUA).

About IIR 2023

• The India Infrastructure Report (IIR) 2023 is part of the acclaimed IIR series initiated by the IDFC Foundation in 2001.
• The India Infrastructure Report (IIR) 2023 contains 25 chapters by prominent names in the urban development and policy ecosystem on the current state of urban development in India.
• This annual publication has been instrumental in identifying and analyzing legal, fiscal, regulatory, technological, social, and conceptual aspects related to contemporary themes relevant to infrastructure development. This makes it an invaluable resource for those involved in formulating urban policy, as well as for those interested in the development of India's infrastructure and urbanization, such as policy makers, investors, academics, financiers, and multilateral agencies.

Key Aspects Addressed:

○Planning and Governance

○Smart Initiatives

○Public-Private Partnerships (PPPs) and Financing

○Housing and Migration

○Public Service Delivery

○Integrating Infrastructure

○Urban Redevelopment

Key Highlights of the India Infrastructure Report 2023:

• Spotlight on the transformative potential of digital technology in shaping the urban landscape of India. Focus areas include the concept of ‘smart cities’ and the significance of performance ranking criteria.
• Examination of financial dimensions of urban development, with a special emphasis on public-private partnerships (PPPs), the financial sustainability of urban local bodies, and the efficacy of municipal bonds as potent financing instruments.
• Urban transportation planning and urban redevelopment as pivotal components of effective urban governance through transit-oriented development, efficient urban goods movement, and floor space and land price regulation in India.

IDFC

• IDFC Foundation is a not-for-profit institution, working on philanthropic initiatives in social infrastructure.
• As part of its development agenda, IDFC Foundation also carries out focussed research, policy advocacy and capacity building across the spectrum of infrastructure sectors.
• It has, in the past, brought out various publications and research papers, which provide the platform for ushering in fresh perspectives and frameworks for infrastructure development in the Indian context.

About iDeCK

• IDeCK, established in 2000 as a joint venture of the Government of Karnataka, IDFC Foundation and HDFC.
• iDeCK focusses on catalysing well-planned, sustainable infrastructure projects, especially through public-private participation.
•  From its inception, iDeCK has accumulated a rich and diverse experience across infrastructure sectors through its active engagement in the development of over 800 projects in the country and abroad.
•  The IDFC Foundation and the ICAP Trust, have been utilizing the expertise resident within iDeCK in pursuit of research and capacity building activities.

About NIUA

• NIUA (National Institute of Urban Affairs)
• Established in 1976, NIUA is a Central Autonomous Body under the Ministry of Housing and Urban Affairs.
• Acts as a national think-tank, conducting research, knowledge exchange, capacity development, policy planning, and advocacy in urban development.