Smart Cities in India Business Opportunities in Kochi City, 2017
Smart City Kochi Limited is a PPP between the Kerala Government and UAE-based TECOM Investments
NEW YORK, Sept. 13, 2017 /PRNewswire/ -- Read the full report: https://www.reportlinker.com/p05095343
The Government of India (GoI) launched the 100 Smart City Mission in April 2015; the plan is to implement this through area based approaches. Cities have been selected through a City Challenge Competition. Each city will get Central assistance to the tune of INR 500 Cr for 5 years. The remaining money has to be raised by the Smart city corporations. The Smart city proposals shall be implemented through Special Purpose Vehicle (SPVs) - incorporated under the Companies Act, 2013 at the city-level.
The SPV would have the State/UT and ULB as promoters with 50:50 equity shareholding. The private sector could be considered for taking equity stake in the SPV.
Kochi is a major port city on the south-west coast of India. The city is centrally located with efficient global connectivity. The city has strong port infrastructure, modern transhipment terminal at Vallarpadam and its ongoing airport expansion (with a new international terminal), sees the city is emerging as a key regional trade hub.
Read the full report: https://www.reportlinker.com/p05095343
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