Smart City summit offers Rs. 50,560cr projects

Smart City Summit
In a major international outreach to garner investments in the flagship Smart City programme, the government has invited ambassadors of 150 countries to India in a grand investment summit slated for May 19. The government would pitch projects worth Rs 50,560-cr across 20 cities, chosen through a competitive process conducted all over India, to be developed as smart cities in the first phase, said sources, elaborating that most countries have confirmed their participation in the summit, which is being held at Taj Mansingh hotel where Union Urban Development Minister, M Venkaiah Naidu, would inaugurate the summit and invite countries for investment opportunities. The day-long summit would see presentations from the urban development ministry and participation of state governments. Representatives of six major countries United States of America, United Kingdom, Japan, South Korea, France and Spain have agreed to give presentations at the investment summit regarding interests, opportunities and concerns of business community. Apart from the 20 cities, another 23 cities, which had missed the bus in the first competitive round of selection, have submitted their re-worked plans as the Urban Development Ministry would include more cities in the first phase from these 23 cities.

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