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Friday, 13 May 2016

Smart City programme: Ambassadors of 150 countries invited to Investment Summit

NEW DELHI: In a major international outreach to garner investments in the flagship Smart City programme, the Narendra Modi government has invited ambassadors of all 150 missions in India to a grand investment summit on May 19. The government would pitch projects worth Rs 50,560 crore across 20 cities, chosen through a competitive process conducted all over India, to be developed as smart cities in the first phase. According to sources, most countries have confirmed their participation in the summit, which is being held at Taj Mansingh hotel. Union urban development minister M Venkaiah Naidu would inaugurate the summit and invite countries for investment opportunities. The day-long summit would see presentations from the urban development ministry and participation of state governments. Representatives of six major countries — United States of America, United Kingdom, Japan, South Korea, France and Spain —have agreed to give presentations at the investment summit regarding interests, opportunities and concerns of business community.

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