PM Modi's smart cities need investment of over $150 billion: Study
9 years, 1 month ago

PM Modi's smart cities need investment of over $150 billion: Study

India TV News  

Mumbai: The Modi government's vision of creating 100 smart cities will require an investment of over $150 billion over the next few years with private sector being a significant contributor, says a report. The government has already initiated two programmes with an initial outlay of $7.513 billion for 'Smart Cities Mission' and the 'Atal Mission for Rejuvenation of Urban Transformation ' for the upgradation of 500 existing cities. "Even as funding for these smart cities is an area of concern, the major challenges remain with respect to the development of smart cities project management, government decision making and policy and regulatory framework," Deloitte India Senior Director P N Sudarshan said. We believe that service providers that expect to be serious players in smart cities will take a center-forward position in leading consortiums in the development of smart cities," he added.

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