Sistema JSFC to help Modi’s smart city project

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Russian firm Sistema JSFC has shown keen interest in Prime Minister Narendra Modi’s dream project of developing smart cities. They are planning to approach the Indian government with a proposal to build smart cities on the lines of project it has implemented back home.

The global arm of the $34 billion (annual) revenue firm is likely to make a presentation to the Prime Minister's Office and the urban development ministry soon, according to a daily.

Russian President Vladimir Putin may discuss the topic with Modi when he visits New Delhi in December for the Indo-Russian summit.

Earlier, Singapore had also offered assistance in Modi’s pet project of developing 100 smart cities along the key infrastructure projects such as Delhi-Mumbai Industrial Corridor entailing setting up of seven Greenfield Smart Cities between Delhi and Mumbai with three Smart cities at Dholera, Shendra-Bidkin and Global City to be built by 2019.

Russian government owns 17.3 per cent of Sistema's Indian arm, telecom operator Sistema Shyam Teleservices, which is likely to be involved in the plans.

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