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‘Urban India holds Great Opportunities for US Investors’

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Minister of Urban Development and Housing & Urban Poverty Alleviation  M.Venkaiah Naidu who is on the official visit to United States has pitched for US investments in urban sector in India explaining the opportunities under new initiatives of the Government to a host of US policy makers, officials and corporate.

Naidu, held a series of meetings and interactions in New York giving details of the process of urban renaissance set in motion in India under new urban missions viz., Smart City Mission, Atal Mission for Rejuvenation and Urban Transformation, Swachh Bharat Mission, Pradhan Mantri Awas Yojana (Urban) etc., said an official release.

Minister explained the paradigm shift introduced for a concerted effort for urban development in India by empowering citizens and urban local bodies. Michael Bloomberg, whose Bloomberg Philanthropies is associated with holding Smart City Challenge competition in India and others acknowledged the new vigour and enthusiasm in India for recasting the country’s urban landscape and stated that it is a win-win situation for all.

He gave a detailed account of similar efforts being made under Smart City Mission under the component of mandatory Pan-city solutions to enable better public information and service deliver and effective use of infrastructure.

US companies have informed Shri Naidu that they are working on project proposals to take advantage of invest opportunities under Smart City Mission and other initiatives.

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