Indian Smart Cities and villages projects

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Smart Approach For Financing Smart Cities

Zero foreign investment till date in Modi’s smart cities mission

“Foreign investment can’t flow just like that. It will come in the form of technology which is a difficult task. Municipalities and city leaders will need to come up with PPP projects where investors can come in after all approvals are in place. There is a deficit of such projects at the moment,” said Pratap Padode, Founder, Smart Cities Council India. The Council is a consortium of smart city practitioners and experts.

While several countries have expressed keenness in the mission, only two MoUs have been signed till date. The US Trade and Development Agency (USTDA) inked an MoU for Vishakhapatnam, Allahabad and Ajmer, and the French Agency for Development signed a pact to assist Nagpur, Chandigarh and Oulgaret.

Smart City Project: Chandigarh signs MoU with French body
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Swedish firms offering sustainable mobility to Smart Cities project: Envoy
Belgium firms keen on tie-ups for smart cities
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UK minister Priti Patel offers 5 lakh pound assistance for MP’s smart cities
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