Urban Development Minister M Venkaiah Naidu said the Cabinet is likely to clear the government’s ambitious smart city project soon and it will be rolled out from next month with the start of the selection process.
“The Expenditure Finance Committee has cleared the project,” Naidu said. He promised all support to the industry in implementation of projects they identify.
Lot of companies are showing interest in the flagship project as the government has allowed Foreign Direct Investment (FDI). “Fourteen countries have shown interest to work with India on smart cities and some more countries are making offer,” he said.
The minister added that concept of smart cities would be on public private partnership (PPP).