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(Excl Ventures News.)(Hyderabad) Chandrababu Naidu''s proximity to Modi and the partnership with BJP seem to have forced Modi to include VIZAG in the list of three cities which will see American Investment for development as a Smart city.
Two days ago, Naidu had announced IT investment in Madhurawada by Google and 7 other companies. With this Naidu seem to be on course to replicate success of Hitec City Hyderabad (which he founded), in Vizag. The announcement of American involvement in Smartcity developemnt should boost confidence of companies moving to Madhurawada.
The US will help India in developing three smart cities in Allahabad, Ajmer and Visakhapatnam apart from joining coordinated efforts with civil society and local authorities to provide clean water and sewage facilities in 500 cities in the country.
This announcement was made after the talks between Prime Minister Narendra Modi and President Barack Obama in Washington on 30th September.
The Indian government plans to develop 100 smart cities and in this regard an allocation of Rs 7,060 crore was proposed in the Union Budget.
While presenting the Budget for 2014-15, Finance Minister Arun Jaitley had said the Prime Minister has a vision of developing 100 smart cities as satellite towns of larger cities and by modernising the existing mid-sized cities.
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