Why in News?
- On 4th May 2022 Prime Minister Narendra Modi addressed the inaugural session of the fourth edition of the International Conference on Disaster Resilient Infrastructure (ICDRI) via video message.
What is disaster-resilient infrastructure?
- Disaster resilient infrastructure is any infrastructure that is strategically designed to withstand the impact of a natural disaster like a flood, earthquake, etc.
- Examples are flood management systems, earthquake proof building materials etc.
What is ICDRI?
- ICDRI is the annual international conference of the Coalition for Disaster Resilient Infrastructure (CDRI) in partnership with member countries, organizations and institutions to strengthen the global discourse on disaster and climate resilient infrastructure.
Who hosted the conference?
- CDRI in partnership with the United States Agency for International Development (USAID) hosted the International Conference on Disaster Resilient Infrastructure (ICDRI) 2022.
Need for CDRI
- According to Sendai framework, every $1 spent in disaster risk reduction leads to gain of $7. But developing countries face the dilemma of balancing economic investment for development vs disaster resilient infrastructure.
- CDRI could fill this gap of funds and technology and help developing countries to build disaster-resilient Infrastructure.
What is its Significance for India?
- Provide a platform for India to emerge as a global leader on Climate Action and Disaster Resilience.
- CDRI boosts India's soft power.
- Complement the International Solar Alliance (ISA).
- Facilitate India’s support to resilient infrastructure in Africa, Asia, etc.
- Create opportunities for Indian infrastructure & technology firms to expand services abroad.
Highlights of PM Modi’s speech at the Conference
- Focus on needs of the poorest and the most vulnerable, by building the next generation infrastructure to realize their aspirations
- He said that people must be at the heart of any infrastructure growth story and they must be provided quality, dependable & sustainable services in an equitable manner.
- Between 2016 and 2040, the global annual infrastructure investment needs are estimated at USD 3.7 trillion per year. Thus, there is a clear case for ensuring that all future infrastructure systems are resilient in the face of disasters in order to protect our investments.