India is set to invest nearly $300 million in the next two years to expand water bodies and build drains in seven major cities, including Mumbai, Chennai, and Bengaluru. The aim is to combat flooding and conserve water resources, as urbanization and waste accumulation have led to severe water shortages and flooding during the monsoon season.
This initiative, approved by the federal government, marks the first focused effort on water bodies for flood control measures. It will also include the implementation of early-warning systems to better prepare for potential disasters. The move comes as Moody’s warns about the impact of India’s growing water stress on its economic growth.
With water scarcity becoming a pressing issue in cities like Delhi and Bengaluru, the importance of this investment in water management and flood prevention cannot be overstated. It is a crucial step towards sustainability and resilience in the face of climate challenges.