Smart City Deal Likely To Be Signed During Obama Visit

During the forthcoming visit of President Obama, India and USA are expected to sign a landmark agreement to build three smart cities in Allahabad, Ajmer and Vishakhapatnam. This American participation in Modi’s flagship infrastructure project was earlier decided during Prime Minister’s visit to Washington. Now top US corporates like Cisco, IBM, 3M, GE, Honeywell, KPMG, Otis, Timken have formed a consortium to take part in this venture. As announced in the last Budget, the government plans to develop 100 smart cities with an initial allocation of Rs 7060 crore.

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