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India Pitches for United States Investment in Urban Sector

2016-07-05 Posted By:Infra Bazaar

New York: Mr. Venkaiah Naidu Minister of Urban Development of India has strongly pitched for the United States to finance in renovating the urban sector in India. He has explained the opportunities under the new initiatives that the government of India has undertaken to the host of United States policy makers, officials and corporate.

Addressing the United States policy makers, officials and corporate leaders here on Thursday, Urban Development Minister of India Mr. Venkaiah Naidu listed various projects that government has undertaken under rejuvenating the urban sectors like Smart City Mission, Atal Mission for Rejuvenation and Urban Transmission, Swachh Bharat Mission and Pradhan Mantri Awas Yojana (Urban).

On Thursday, Urban Development Ministry said that “Naidu has strongly pitched for US investments in the urban sector of India explaining the opportunities under new initiatives of the government to a host of US policy makers, officials and corporate.”

Mr. Venkaiah Naidu had a comprehensive conversation with the United States Assistant Secretary Commerce for Global Markets Arun Kumar, former New York Mayor and the founder of Bloomberg Philanthropies Michael Bloomberg, Deputy Mayor of New York Alicia Glen and the officials of US Trade Development Agency.

He also had the conversation with chief executives and the senior officials of several dominant companies in KPMG, IBM and Master Card besides addressing the US-India Business Council.

Bloomberg, the organization is also associated with the project Smart City challenge competition in India. It approves the “New Vigour” for re-constructing the urban sector in India and the organization said that it is a “Win Situation” for all of us.

The United States companies disclosed with the Urban Development Minister Mr. Venkaiah Naidu that they are taking enough responsibility to propose various proposals on the advantages of investment and opportunities under the Smart City Mission and other initiatives.

USTDA (United States Trade Development Agency) has already inked MoUs with the governments of Uttar Pradesh, Rajasthan and Andhra Pradesh for assisting in developing Allahabad, Ajmer and Vishakhapatnam as smart cities.