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City shift: Housing ministry lays roadmap for Smart Cities SPVs beyond mission deadline; new advisory proposes five-pronged role in urban development
The Ministry of Housing and Urban Affairs advises repurposing Smart Cities Mission SPVs after the scheme's closure on March 31. States and UTs are encouraged to assign new strategic roles to these SPVs, leveraging their expertise in technology, project implementation, and investment facilitation. This aims to sustain urban innovation and reinforce the capacity of Urban Local Bodies.
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