USTDA to support development of three smart cities

The US will provide assistance for development of smart cities in Uttar Pradesh, Rajasthan and Andhra Pradesh, an official statement on Sunday said.

The US will provide assistance for development of smart cities in Uttar Pradesh, Rajasthan and Andhra Pradesh, an official statement on Sunday said.

The United States Trade and Development Agency (USTDA) signed three memorandums of understanding (MoUs) on cooperation for development of smart cities with the respective state governments in the presence of urban development minister M Venkaiah Naidu.
Allahabad, Ajmer and Visakhapatnam would be developed as ‘smart cities’, the statement noted.

The USTDA will contribute funding for necessary feasibility studies and pilots, study tours, workshops, trainings and other projects and it will invite a ‘Smart Solutions for Smart Cities Reverse Trade Mission’ delegation to the US along with delegates from the their states. The USTDA would also fund advisory services to support the development of smart cities.

direct tax, dtcr, taxes, income tax, central taxes, economy
Govt kicks off direct tax code revision
West Asia tension, IEA, oil prices, global crude oil prices, interest rates, inflation, OPEC+, output cuts, oil production, energy crisis
How will West Asia tension impact India? IEA warns inflation could inch higher as oil prices rise
FDI, regulatory landscape, due diligence, FDI norms, global economic conditions, FDI inflows, demographic dividend, infrastructure development
Foreign Direct Investment in India: Navigating the legal and regulatory landscape
IMF, IMF news, economy, Indian economy, current account deficit , CAD news
IMF ups India growth forecasts, citing strong domestic demand

The three state governments will provide resources for support, coordination and facilitation of the development of smart cities, including technical information and data related to smart cities planning, staff, logistical and travel support etc. As per the official statement, Leocardia I Zak, Director, USTDA, signed the respective MoUs with Alok Ranjan, chief secretary, Uttar Pradesh, CS Ranjan, chief secretary, Rajasthan and IVR Krishna Rao, chief secretary, Andhra Pradesh.

The USTDA will collaborate with other US government agencies, like the Department of Commerce, the US Export Import Bank and other trade and economic agencies, to promote US-India infrastructure development cooperation. It will enable US industry organisations to mobilise private sector expertise and resources to address important aviation and energy related infrastructure.

Get live Share Market updates, Stock Market Quotes, and the latest India News and business news on Financial Express. Download the Financial Express App for the latest finance news.

First published on: 26-01-2015 at 03:58 IST
Next Story
QE and D?
Market Data
Market Data
Today’s Most Popular Stories ×