According to the latest news, the Urban Development Minister M Venkaiah Naidu said that the government has proposed an investment of Rs 1.35 lakh crore for the implementation of ‘Smart City Project’ in 60 towns and 20 cities have started rolling out their schemes.
It is said that the United state has expressed it feeling to participate in the 100 smart city projects and as such is ready offered technological support for developing a sustainable economy.
According to the news published by the Indian Express US Deputy Secretary of Commerce Bruce Andrews, who is on a five-day visit to India, said that the US can be a “valuable partner” for India in providing sustainable solutions for Smart City initiative. He is leading a delegation of 18 US companies on a Smart Cities Infrastructure Business Development Mission.
Andrews said the delegation comprising 18 US firms have come to meet both policy makers and Indian businesses and would showcase the great technologies that provide great value and potential for India.
“We believe that US can be a very valuable partner in helping India to develop sustainable economy,” Andrews said, adding that there are substantial business opportunities for the US companies in India’s smart city projects.
“This is the beginning of the process. Our efforts are not limited to three cities. US businesses have the technological solutions which will be helpful across India,” Andrews said.