US shows interest in Modi's vision of 'smart cities'

Posted By: Religare
Subscribe to GoodReturns
The United States Trade Representative Michael Froman on Tuesday met Urban Development Minister M. Venkaiah Naidu and discussed investment opportunities in urban development sector in India in the context of new initiatives like development of smart cities, according to an official statement.

Both of them have referred to the high expectations both within and outside India further to Narendra Modi taking over as Prime Minister, Ministry of Urban Development said in a statement.

Elaborating on smart cities concept, Venkaiah Naidu said that focus will be on enhancing the quality of urban life through improved physical, social and economic infrastructure besides substantially reorienting urban governance in identified cities through e-governance and service delivery. He also informed that basic infrastructure will be ensured in 500 urban habitations.

Naidu has said that further to the interest shown by the US in assisting in the development of Visakhapatnam, Ajmer and Allahabad as smart cities, necessary consultations would be expedited to initiate action in this regard.

Naidu and Froman referred to the recent successful visit of Prime Minister Narendra Modi to the US and noted that it has created a new mood and momentum in bilateral relations and the same would even be further strengthened during the visit of President Barack Obama to India to attend the Republic Day celebrations in January next year.

Story first published: Wednesday, November 26, 2014, 12:40 [IST]
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Find IFSC