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Benchmarksclosed Nifty17,624.0524.90 Precious Metal Gold (MCX) (Rs/10g.)60,054.00-457.00 Search for Tata Consultancy| News English EditionEnglish Editionहिन्दीગુજરાતીमराठीবাংলাಕನ್ನಡമലയാളംதமிழ்తెలుగు | Today's Paper Sign In Special Offer on ETPrime Home ETPrime Markets News Industry Rise Politics Wealth Mutual Funds Tech Careers Opinion NRI Panache ET NOW More India Decoded Web Stories Morning Brief Podcast Newsblogs Economy Agriculture Finance Foreign Trade Indicators Infrastructure Policy Industry Politics Company Corporate Trends Defence NationalInternationalIndustry More InternationalCanada NewsUK NewsUS NewsUAESaudi ArabiaBusinessWorld NewsET EvokeElectionsLok SabhaAssembly ElectionsKarnatakaSportsScienceEnvironmentET TVLatest NewsMost ReadMost SharedMost Commented Business News›News›India›PM Modi’s Coalition for Disaster Resilient Infrastructure aim to include African states as members THE ECONOMIC TIMES DAILY NEWSPAPER IS AVAILABLE ONLINE NOW. Read Today's Paper PM MODI’S COALITION FOR DISASTER RESILIENT INFRASTRUCTURE AIM TO INCLUDE AFRICAN STATES AS MEMBERS SECTIONS PM Modi’s Coalition for Disaster Resilient Infrastructure aim to include African states as members By Dipanjan Roy Chaudhury , Last Updated: Apr 10, 2023, 07:08 AM IST Synopsis WHILE CDRI IS CURRENTLY FOCUSING ON MEETING REQUIREMENTS IN DISASTER PRONE SOUTH PACIFIC ISLAND STATES, THE COALITION IS EXPANDING TO INCLUDE AFRICA UNDER ITS AMBIT, ET HAS LEARNT. CDRI WILL BE IN FOCUS WHEN THE PM VISITS THE PACIFIC REGION IN THE NEAR FUTURE FOR A SUMMIT WITH SMALL ISLAND STATES. PTICDRI works through a unique model that does not push countries into debt trap unlike China’s Belt and Road Initiative and rather focuses on capacity building and training initiatives for sustainable development. New Delhi: The Coalition for Disaster Resilient Infrastructure, or what is popularly known as CDRI that was initiated by PM Narendra Modi, is aiming to expand its membership to include Africa where countries are seeking sustainable infrastructure that does not push them towards debt. While CDRI is currently focusing on meeting requirements in disaster prone South Pacific Island states, the coalition is expanding to include Africa under its ambit, ET has learnt. CDRI will be in focus when the PM visits the Pacific region in the near future for a summit with small island states. CDRI works through a unique model that does not push countries into debt trap unlike China’s Belt and Road Initiative and rather focuses on capacity building and training initiatives for sustainable development. CDRI held its flagship annual event in New Delhi that brought together several stakeholders from across the globe. Addressing this event, the prime minister said that CDRI arose from a global vision and that in a closely connected world, the impact of disasters will not just be local. Therefore, “our response has to be integrated, not isolated”, he said. He noted that in just a few years, over 40 countries from advanced and developing countries, large or small or from global south or global north have become part of the CDRI. He found it encouraging that apart from governments, global institutions, private sectors and domain experts are also involved. CDRI is an international coalition of countries, UN agencies, multilateral development banks, private sector, and academic institutions. CDRI has also launched Infrastructure for Resilient Island States (IRIS). It may be recalled that IRIS was jointly launched at the World Leaders Summit at COP26 in Glasgow, UK, by the prime ministers of India, UK, Australia, Fiji, Jamaica and Mauritius. IRIS is a dedicated initiative that aims to support Small Island Developing States (SIDS) in achieving sustainable development through a systematic approach to resilient, sustainable, and inclusive infrastructure. Elaborating on IRIS, Kamal Kishore, member, National Disaster Management Authority (NDMA), told ET, “We are in long haul and long-term engagement. We are not focusing on ‘fly in fly out’ rather an accompanying model. We are also focusing on peer-to-peer exchange among CDRI member states. Besides, small countries have limited absorption capacity. Therefore, we are tailoring our support”. SIDS are highly prone to disasters due to climate change and extreme weather events such as sea level rise, coastal flooding and erosion, tsunamis and storm surges. Most of these island states also face development challenges that constrain their economic prospects such as remoteness to global markets, poor connectivity, lack of economies of scale, inadequate labour mobility, low levels of development combined with rapid population growth and limited capacity to adapt. Don’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp. click here! READ MORE NEWS ON kamal kishoreCDRIafricabelt and roadbri (Catch all the Business News, Breaking News Events and Latest News Updates on The Economic Times.) 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