Smart Cities Mission SPVs Repurposing and Expansion

ongoing

The Ministry of Housing and Urban Affairs (MoHUA) has issued an advisory to continue and repurpose Special Purpose Vehicles (SPVs) formed under the Smart Cities Mission (SCM) initiated in 2015. These SPVs, formed in 100 selected cities, have been responsible for planning and executing over 8,000 city-level development projects using technology-led strategies. The advisory encourages finalizing remaining projects, expanding Integrated Command and Control Centres (ICCCs), and redefining SPVs' roles as technology partners, consultants, and contributors to urban policy planning and investment facilitation. It also recommends allowing SPVs to generate service-linked revenue to become financially sustainable and calls for policy support and institutional integration at state and local levels.