Urban populace exploding, should Indian cities run like multinational corporations?
India TodayHow should our cities develop over the next five decades and beyond? Well-managed urbanisation is not a choice but imperative for the future of our country.” The high-level committee last month submitted its second report of recommendations for urban planning reforms, titled ‘Pathways to Amrit Kaal: Envisioning and realising a new future for Indian cities’. The options for enabling financing for projects in cities could be explored through a mix of multilateral loans, domestic term loans, PPPs, municipal bonds and innovative financing architecture, involving state-level urban development funds/ intermediaries like the highly successful Tamil Nadu Urban Development Fund as the fulcrum for enabling investments at the city level,” states the report. Emphasising on trained professionals overseeing urban planning, the report has reiterated the need for an ‘All India Urban Planning Service’ to recruit qualified planners into town planning at all three levels of the government. There is also a strong need to hire urban economists in city economic development councils,” the report states.