Psu
NBCCs plan towards building of smart cities
new delhi The governments of the northern, eastern, southern and northeastern states are in talks with NBCC. It's in nascent stage and we're identifying five-to-seven cities with different business models for project execution. we signed an agreement with IBM as our partner for designing of IT related works like having a data centre, website, social media presence, ERP applications, vendor grievance management, e-Sewa, digitisation, etc. Under infrastructure, issues like road, sewage system, transportation etc. will be taken care of.
There is a lot of opportunity in Centre's smart cities mission. Funds are the most important component of smart cities and that’s why cities are going for re-development and monetisation of properties. Here we have a big role to play.
We are already present in few cities in various states. Right now, we're in the process of forming special purpose vehicles (SPVs) for smart cities with state governments and local bodies. We're working on strategic associations with France, Sweden, etc. There have been formal discussions with municipal commissioners of 33 cities on business development.
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