Government Seeks Private Sector Participation in Smart Cities.
Urban Development Minister M. Venkaiah Naidu has sought private sector participation in the government’s smart city project to help in meeting its huge investment requirement.
“Stating that innovative approaches are imperative for building smart cities, M. Venkaiah Naidu urged the corporates and investors to make a success of people-public-private partnership to meet the huge investment requirement,” the urban development ministry said in a statement.
Building smart cities is a challenge for the states, urban local bodies and corporates, but is also a great opportunity as well, he said.
Emphasising that smart city development is not possible without participation of the private sector, he added: “I call upon industry here and outside the country to join the smart city project as there are great opportunities in it.”
“A city that enables easy mobility, workability and thereby more livable is a smart city,” Mr Naidu said.
The minister said the socio-economic objective of smart city development is inclusivity, enabling the poor access and equal right to public spaces like roads, lands and new opportunities.
The urban development ministry has held consultations in the matter with real estate groups, experts, urban planners and the IT sector over last few months.
Indo Asian News Service | Updated On: February 12, 2015