Jul 1 2016 | India Opportunities

MOUD to kick-start smart city projects

Ministry of Urban Development gears up to kick-start smart city projects by June end. Out of the 20 cities selected for the first round, around 17 cities have already incorporated special purpose vehicles (SPVs). The SPV is to be registered under the Companies Act, 2013 under the mission. The equity would be shared equally by the State and the respective urban local body. The project focusses on promoting adoption of smart solutions to enhance the quality of urban life and provide a clean and sustainable environment.