The Minister of Housing and Urban Affairs
announced, the Urban Invest Window or the UiWIN. Urban Invest Window is an
initiative of HUDCO, under the guidance of the Ministry of Housing & Urban
Affairs. Urban Invest Window which will act as – One-stop, investment
facilitator for our Indian cities.
India is witnessing one of the
fastest-growing urban transformations in the world. By 2036, over 60 Crore
Indians will call cities, their home. To support this fast urban growth, we
need huge infrastructure investments, in our cities. However, our Urban Local
Bodies still face multidimensional challenges — from capacity building to
project preparation, from fund mobilization to investment facilitation. Urban
Invest Window is expected to address these issues of our Urban Local Bodies.
UiWIN will facilitate more
investments from multiple sources — which are faster and on better terms, like
attract private investments by developing PPP projects, long-tenor,
concessional and competitive financing from multilaterals like World Bank, ADB
etc.
HUDCO will repurpose its pan India
network of 20 Regional Offices, to act as Urban Invest Window(s). In a Hub and
Spoke model, it will handhold the cities at every step of project journey —
from identification of projects to their technical & financial structuring,
from capital mobilization to project implementation. Working closely with the
State Government and the ULBs, UiWIN will build a pipeline of bankable,
investment-ready urban projects.
UiWIN will connect the cities with
investors - both domestic and global. UiWin will be a transformative
initiative, aiming to double urban investments in next 5 years by - supporting
in governance reforms, better financial management and improving the municipal
competency. It will facilitate more urban investments through, enhanced and
accelerated lending from HUDCO for urban projects, structure PPP projects &
attract private investments; long-tenor, concessional and competitive financing
from multilaterals like WB, ADB & others; support issuance of Municipal
& pooled bonds access for ULBs; Land value capture & monetization; use
Convergence with Central & State schemes for additional funding; and most
importantly, help in Capacity building of ULB officials.
In line with Hon’ble Prime Minister
vision, the Urban Invest Window will enable our cities as a backbone in our
march towards Viksit Bharat 2047.
