France Allocates €100M Loan for India's Smart Cities Mission
SMART CITIES

France Allocates €100M Loan for India's Smart Cities Mission

France has recently pledged a substantial loan of €100 million to support India's Smart Cities Mission. This financial assistance aims to bolster India's ambitious initiative of developing 100 smart cities across the country.

The decision to grant the loan was announced during French President Emmanuel Macron's visit to India. This loan signifies the deepening ties between the two nations in the field of sustainable urban development. France's commitment to contribute to India's Smart Cities Mission highlights its support for India's vision of transforming cities into modern urban centers equipped with advanced infrastructure and efficient public services.

India's Smart Cities Mission, launched in 2015, has already identified 100 cities for comprehensive development. The mission aims to create sustainable and inclusive cities that offer a good quality of life to the citizens. The focus is on incorporating technological advancements that enhance urban infrastructure while promoting citizen participation, economic growth, and environmental sustainability.

The €100 million loan from France will provide much-needed financial support for the development and implementation of various projects under the Smart Cities Mission. This loan will aid in the execution of innovative solutions that address challenges related to transportation, energy efficiency, waste management, and digital connectivity in the identified smart cities.

Furthermore, this collaboration with France brings additional benefits to India. It opens up avenues for knowledge sharing and technical expertise transfer in the field of urban planning and development. France's experience in sustainable urban development, particularly in areas such as energy-efficient buildings, smart mobility, and urban governance, will prove valuable for India's urban transformation.

The loan provided by France will be utilized in a phased manner, supporting different stages of project implementation. This financial support will enhance India's progress towards achieving its smart city objectives and ensure that the cities under the Smart Cities Mission are equipped with modern amenities and infrastructure.

India's Smart Cities Mission has already witnessed remarkable progress, with several cities showcasing successful initiatives and implementation of innovative projects. The financial assistance from France will undoubtedly accelerate this momentum and facilitate the realization of the mission's goals.

In conclusion, France's announcement of a €100 million loan to support India's Smart Cities Mission is a testament to the strengthening bilateral relations between the two countries. This loan will enable India to advance its urban development objectives, embracing sustainability and innovation, and ultimately shape cities that improve the lives of its citizens.

France has recently pledged a substantial loan of €100 million to support India's Smart Cities Mission. This financial assistance aims to bolster India's ambitious initiative of developing 100 smart cities across the country. The decision to grant the loan was announced during French President Emmanuel Macron's visit to India. This loan signifies the deepening ties between the two nations in the field of sustainable urban development. France's commitment to contribute to India's Smart Cities Mission highlights its support for India's vision of transforming cities into modern urban centers equipped with advanced infrastructure and efficient public services. India's Smart Cities Mission, launched in 2015, has already identified 100 cities for comprehensive development. The mission aims to create sustainable and inclusive cities that offer a good quality of life to the citizens. The focus is on incorporating technological advancements that enhance urban infrastructure while promoting citizen participation, economic growth, and environmental sustainability. The €100 million loan from France will provide much-needed financial support for the development and implementation of various projects under the Smart Cities Mission. This loan will aid in the execution of innovative solutions that address challenges related to transportation, energy efficiency, waste management, and digital connectivity in the identified smart cities. Furthermore, this collaboration with France brings additional benefits to India. It opens up avenues for knowledge sharing and technical expertise transfer in the field of urban planning and development. France's experience in sustainable urban development, particularly in areas such as energy-efficient buildings, smart mobility, and urban governance, will prove valuable for India's urban transformation. The loan provided by France will be utilized in a phased manner, supporting different stages of project implementation. This financial support will enhance India's progress towards achieving its smart city objectives and ensure that the cities under the Smart Cities Mission are equipped with modern amenities and infrastructure. India's Smart Cities Mission has already witnessed remarkable progress, with several cities showcasing successful initiatives and implementation of innovative projects. The financial assistance from France will undoubtedly accelerate this momentum and facilitate the realization of the mission's goals. In conclusion, France's announcement of a €100 million loan to support India's Smart Cities Mission is a testament to the strengthening bilateral relations between the two countries. This loan will enable India to advance its urban development objectives, embracing sustainability and innovation, and ultimately shape cities that improve the lives of its citizens.

Next Story
Infrastructure Urban

Aadhaar Authentications Cross 27 Billion in FY25

Aadhaar authentication transactions surged past 27.07 billion in FY 2024–25, including 2.47 billion in March alone, reflecting its growing adoption across sectors such as banking, finance, telecom, and public service delivery. Since its inception, the cumulative number of Aadhaar authentication transactions has exceeded 148 billion.The Unique Identification Authority of India’s (UIDAI) AI/ML-based face authentication technology is also witnessing a sharp rise in usage. In March 2025 alone, over 150 million face authentication transactions were recorded. This biometric modality is now used ..

Next Story
Infrastructure Urban

IEPFA Holds Preparatory Meet for 'Niveshak Shivir' Initiative

The Investor Education and Protection Fund Authority (IEPFA), under the Ministry of Corporate Affairs, Government of India, hosted a preparatory meeting on April 28, 2025, with Nodal Officers from stakeholder companies via video conference. The session, chaired by IEPFA CEO Smt. Anita Shah Akella, focused on finalising operational plans for the upcoming ""Niveshak Shivir"" initiative—a joint effort between IEPFA and the Securities and Exchange Board of India (SEBI).""Niveshak Shivir"" aims to improve investor services and streamline the claims process by reaching out to cities with a high nu..

Next Story
Infrastructure Urban

India, France Sign Deal for 26 Rafale-Marine Jets for Navy

India and France have signed an Inter-Governmental Agreement (IGA) for the acquisition of 26 Rafale-Marine aircraft for the Indian Navy, comprising 22 single-seater and four twin-seater jets. The deal also includes training systems, simulators, associated equipment, weapons, and performance-based logistics, along with additional equipment for the Indian Air Force’s existing Rafale fleet.The IGA was signed by India’s Defence Minister Rajnath Singh and French Minister of Armed Forces Sébastien Lecornu. The agreement, along with supply protocols for aircraft and weapons, was exchanged in the..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?