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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