Moreover, the Cabinet also gave a nod to the Old housing projects initiated by previous government.

Last month, Urban Development Minister M Venkaiah Naidu had said the project will be rolled out from the next month onwards and then the competition, race will start.

The Centre will be a facilitator with regard to smart cities and government will do the hand holding, he told the industry promising all support in implementation of projects they identify.

A lot of companies are showing interest because the government has allowed FDI in smart cities, he had added.

The NDA government had last year declared the mission of creating 100 Smart Cities across the nation based on better technology, superior management and modern governance.

However, Naidu explained the selection of the Smart City will be strictly on the basis of the criteria laid out by the government and no other consideration, including political ones, will be taken into account.

On how a smart city is different from a city in which smart things happen, the minister informed a three-fold approach was taken.

He added, "Retrofitting and redevelopment of unsustainable urban areas that we have inherited and identified for development as smart cities, and development of new smart cities."

The government wants smart cities to be developed to take advantage of and further evolve around core economic activities, using it as an economic engine, like port cities, tourism cities, healthcare and educational cities, he said.

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