Indore announces SPV
Indore, one among 20 places picked for Smart City project in the first list, has estimated that it would require Rs 51.08 billion to transform it into a Smart City. The municipal corporation has drafted a plan to raise Rs…

Indore, one among 20 places picked for Smart City project in the first list, has estimated that it would require Rs 51.08 billion to transform it into a Smart City.

The municipal corporation has drafted a plan to raise Rs 79.40 billion from different resources to ensure that lack of funds does not come in the way of the ambitious project, Mayor Malini Gaud said.

Smart City project will also get Rs 6 billion under Atal Mission for Rejuvenation Transformation (AMRUT), Swachh Bharat Abhiyan, and Prime Minister Housing schemes.

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