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The latest change in foreign direct investment (FDI) norms linked to the construction sector might help attract private players to the government’s ambitious smart city project. Since the Centre has allocated only Rs 500 crore per city under the...
Article - 11/15/2015
Active Region(s): India
Category: Economic development, Computing resources, Finance and procurement, Policy and leadership, Financing and procurement tools
(Image source: ADB India website)The Asian Development Bank (ADB) and the government of India signed a $ 200 million loan agreement to support lending by the Indian Renewable Energy Development Agency (IREDA) to eligible renewable energy sub-...
Article - 10/31/2015
Active Region(s): India
Category: Built environment, Energy, Finance and procurement, Financing and procurement tools
Madhya Pradesh seems to be all set to receive a deluge of funding from Japanese firms in core infrastructure projects following a 10-day trip by the chief minister Shivraj Singh Chouhan, to Japan and South Korea.During his visit, the minister met...
Article - 10/11/2015
Active Region(s): India
Category: Economic development, Payments, Computing resources, Finance and procurement, Financing and procurement tools
The Indian government has announced Rs 48,000 crore for the transformation of smart cities, clearly it is not enough. Taking into account the huge resource requirement for Smart Cities Mission and AMRUT, the Urban Development (UD) Ministry is...
Article - 09/08/2015
Active Region(s): India
Category: Finance and procurement, Financing and procurement tools
Haryana has emerged as the largest recipient of investment, both domestic and international, with cities like Gurgaon, a major hub for the information technology and automobile industries, and many other industrial hubs. The Haryana government is...
Article - 09/07/2015
Active Region(s): India
Category: Finance and procurement
The Union Urban Development Ministry on Thursday approved allotment of Rs 192 crore under the Smart City Mission for 96 off the 98 selected cities. Each of the cities received Rs 2 crore for preparing Smart City plan."Rs 2 crore provided for each...
Article - 09/07/2015
Active Region(s): India
Category: Finance and procurement, Financing and procurement tools
While the government has drawn a plan to invest up to Rs. 200 crore in the first year, followed by a spent of Rs. 100 for the next three years each, a Chinese firm has pegged the cost to be three-times more on a annual basis to build a 'Smart City'....
Article - 09/03/2015
Active Region(s): India
Category: Finance and procurement
The Ministry of Urban Development released Rs 200 crore for each of the 98 cities which have recently been nominated under the ‘Smart Cities’ Mission. ‘The money would be credited to the state accounts today,' announced a ministry official....
Article - 09/02/2015
Active Region(s): India
Category: Payments, Finance and procurement
By Pratap Padode Smart Cities Council IndiaThe 2015-2016 Union Budget stayed away from using the term smart cities, unlike the one in 2014-2015 which made a special mention, but that doesn’t imply that the Indian government has lost interest in...
Article - 03/18/2015
Active Region(s): India, Main, North America
Category: Economic development, Energy, Health and human services, Finance and procurement, Policy and leadership
How do you pay for 100 new smart cities? India may turn to the municipal bond market – an investment tool that seems to have fallen out of favor in that country.The last time municipal bonds were issued in India was 2010, and it involved a state...
Article - 08/15/2014
Active Region(s): India, Main, North America
Category: Finance and procurement