Budgetary allocation for smart cities, National Industrial Corridor Authority

Budgetary allocation for smart cities, National Industrial Corridor Authority

Finance Minister Arun Jaitley has provided a sum of Rs 7,060 crores in the current financial year for developing 100 smart cities. In his maiden Budget speech in the Parliament on July 10, Shri Jaitley said that Prime Minister Narendra Modi has a vision of developing 100 Smart cities as satellite towns of larger cities and by modernising the existing mid-sized cities.

The Union Finance Minister also announced that a National Industrial Corridor Authority, with its headquarter in Pune, is being set-up with an amount of Rs 100 crore, to coordinate the development of industrial corridors with smart cities linked to transport connectivity. He added that the Amritsar Kolkata Industrial Master Planning will be completed expeditiously for the establishment of Industrial Smart cities in seven states in this corridor.

The Master planning of three new smart cities in the Chennai-Bengaluru Industrial Corridor region, viz., Ponneri in Tamil Nadu, Krishnapatnam in Andhra Pradesh and Tumkur in Karnataka will also be completed. Furthermore, the perspective plan for the Bengaluru Mumbai Economic Corridor (BMEC) and Vizag-Chennai corridor would be completed with the provision for 20 new industrial clusters, he stated.

Source: Press Information Bureau

Smart Grid Bulletin April 2018

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