5 new smart cities to become investment hubs

Five new smart cities, proposed by Union Finance Minister Nirmala Sitharaman in the Budget, would be developed on the pattern of Gandhinagar’s Gujarat International Finance Tec-City (GIFT).

These cities will be equipped with dedicated metro corridors, energy-conserving buildings, walkability elements, state-of-the-art design elements and automated garbage collection.

An ET report said the Centre has started the spadework for the five new smart cities. The department for promotion of industry and internal trade is working closely with ministry of housing and urban affairs to finalise a template for the proposed smart cities.
Quoting sources, the report said the new smart cities would be developed as investment hubs and not follow the present urban concept of retrofitting and developing a small area of a city as a smart city.

Image Credit : dnaindia.com

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