As per a report by Equirus Research, funding for these smart cities projects and its execution will be a major challenge for companies.
“The mission is expected to improve the quality of life for citizens of these cities. For government, the focus is on sustainable and inclusive development and the idea is to look at compact areas and create a replicable model. However, the issue lies in the execution,” Equirus Securities Executive Director Pankaj Sharma said in a statement.