The MoU was signed on behalf of Hitachi by company MD Ichiro Iino, his Siemens counterpart Sunil Mathur and DG, CII Chandrajit Banerjee in the presence of DIPP Secretary Amitabh Kant.
Speaking on the occasion, Kant said that while cities occupy only 3 per cent of the total geographical area of the world, they contribute nearly 80 per cent of GDP and 2/3rd of global emissions. Hence, there was a challenge to do urbanisation in an innovative and systematic manner.
Kant said learnings gathered from the best practices across the world in the management of water, public resources, public spaces and technology shall be shared while implementing the smart cities concept in India.
He said that smart city initiative shall be driven by technology driven companies.
Earlier, in his address, DG,CII said that this MoU provides a platform for coming together of leading technology companies such as Hitachi and Siemens and this will enable the implementation of vision of hundred smart cities.
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