Five New Smart Cities To Be Investment Hubs

The department for promotion of industry and internal trade is working closely with ministry of housing and urban affairs to finalise a template for the proposed smart cities. According to sources, the new smart cities would be developed as investment hubs.

Five new smart cities, proposed by finance minister Nirmala Sitharaman in the Budget, would be developed on the pattern of Gandhinagar’s Gujarat International Finance Tec-City (GIFT) with dedicated metro corridors, energy-conserving buildings, walkability elements, state-of-the-art design elements and automated garbage collection.

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Even while Parliament is discussing the Budget proposals, the Centre has started the spadework for the five new smart cities. The department for promotion of industry and internal trade is working closely with the ministry of housing and urban affairs to finalise a template for the proposed smart cities. According to sources, the new smart cities would be developed as investment hubs and not follow the present urban concept of retrofitting and developing a small area of a city as a smart city.

Source: Economic Times

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