Technology and Financial Innovation to Drive the Ganga Cleaning Mission (Download PDF)


Download PDF of This Page (Size: 518.06 K)

India Water Impact Summit-2018 was held in New Delhi. It was jointly organized by National Mission for Clean Ganga (NMCG) & Centre for Ganga River Basin Management & Studies (cGanga).

Image of Ganga Cleaning Mission

Image of Ganga Cleaning Mission

Image of Ganga Cleaning Mission

Key Facts of Ganga Cleaning Mission Summit

  • India Water Impact Summit is annual event where stakeholders get together to discuss, debate & develop model solutions for some of biggest water related problems in country.

  • Discussions this year were on rejuvenation of Ganga River Basin.

  • There was multi-country dialogue on subject showcasing of technological innovations, research, policy frameworks & funding models from India & abroad.

  • Large number of Indian Central Govt. Ministries as well as all key decision makers responsible for delivering rejuvenation of Ganga was present at Summit.

  • Nearly 200 domestic & international participants from nearly 15 countries & more than 50 Central, State & Municipal Govt. representatives participated in summit.

  • There were sessions on afforestation & biodiversity, urban river/water management plans, creating global ecosystem for financing Ganga Rejuvenation Programme & tapping into global capital markets for long term project finance.

Ganga Cleaning Mission Summit Focused on 3 Key Aspects

  • Spotlight on 5 states: U’Khand, UP, West Bengal, Delhi & Bihar. Its objective was to showcase efforts & works going on w/I respective states.

  • Ganga Financing Forum: It was inaugural forum that brought number of institutions to common knowledge, information & partnership platform. It brought together financial institutions & investors interested in Namami Gange programmes.

  • Technology and Innovation: It was pilot/demonstration programme aimed at providing opportunity to technology & innovation companies from around world to showcase their solutions for addressing problems prevalent in river basin.

  • NMCG has streamlined introduction & acceleration of technology deployment thru Environment Technology Verification (ETV) process that allows companies to showcase success & efficacy of their solutions thru pilot demonstration project.

  • Govt. is inviting technology solution providers to apply for ETV programme in areas of decentralised waste water & industrial effluent treatment, data & information & ancillary services such as solid waste mgmt. , sustainable agriculture & hydropower.

  • Summit introduced Ganga Finance Forum, which include issuing of masala bonds in international markets to tap into long-term debt financing thru capital markets, using specialist guarantee & credit enhancement instruments, specialist foreign exchange hedging products for those using external commercial borrowing structures.

  • Summit prompted subject matter experts to think of development of local area water markets so that true economic value of water can be established that will lead to better pricing strategies.

  • India Water Impact Summit is annual event to provide platform to start discourse towards understanding water as natural resource. Efforts may take various forms: data collection, hydrology, e-flows, agriculture, waste water & more.

What is CGanga?

  • Centre for Ganga River Basin Management & Studies is think-tank & Centre of Excellence to National Mission for Clean Ganga.

  • In 2015 consortium of 7 Indian Institutes of Technology (Kanpur, Delhi, Madras, Bombay, Kharagpur, Guwahati & Roorkee) created Ganga River Basin Management Plan.

  • Objective of plan was to take comprehensive measures for restoration of wholesomeness of Ganga ecosystem & improvement of its ecological health, w/due regard to issue of competing water uses in river basin.

- Published/Last Modified on: January 29, 2019

Science/Technology, Govt. Schemes/Projects

Monthy-updated, fully-solved, large current affairs-2019 question bank(more than 2000 problems): Quickly cover most-important current-affairs questions with pointwise explanations especially designed for IAS, NTA-NET, Bank-PO and other competetive exams.