Question
What is the role of the Special Purpose Vehicle (SPV)
in the implementation of Smart City projects? Please read the following passage and answer the following questions ( Q no 19 to 22) based on the passage. The concept of smart cities has gained significant momentum in India as the country grapples with rapid urbanization, increasing population density, and the need for sustainable development. Smart cities leverage technology and data-driven solutions to enhance urban living, improve infrastructure, and provide efficient services to residents. The importance of smart cities in India can be understood through various facets, including improved quality of life, enhanced infrastructure, economic growth, and environmental sustainability. One of the primary benefits of developing smart cities is the improvement in the quality of life for residents. Smart cities utilize technology to provide better public services, including efficient waste management, clean water supply, and reliable public transportation. For instance, smart traffic management systems can reduce congestion and travel times, while smart lighting and safety systems enhance security and reduce crime rates. By creating a more livable urban environment, smart cities can foster community engagement and social interaction among residents. Infrastructure development is another critical aspect of smart cities. Many Indian cities face challenges such as inadequate housing, poor sanitation, and insufficient public transport. Smart city initiatives focus on upgrading infrastructure through the implementation of smart solutions. For example, smart grids can optimize electricity distribution, while integrated transportation systems can improve connectivity between different modes of transport. By investing in modern infrastructure, smart cities can accommodate growing populations and enhance overall urban resilience.Solution
The SPV is a dedicated entity created for each Smart City to plan, implement, and monitor the progress of various projects under the mission.
Which movie won the Best Drama at the Golden Globes 2025?
Who served as the spiritual mentor to Chhatrapati Shivaji Maharaj?
The World Bank's International Bank for Reconstruction and Development (IBRD) priced a 5-year Great British Pound sterling (GBP) benchmark bond. What is...
Which ministries have collaborated to promote and develop the Unani system of medicine in India?
Which country has agreed to host a global peace summit on Ukraine at the request of Ukrainian President Volodymyr Zelenskiy?
Indian astronaut Shubhanshu Shukla is set to travel to the ISS in May 2025 under which mission?
How many Government ITIs are targeted for upgrade under the new Centrally Sponsored Scheme approved in May 2025?
CarTrade Tech will acquire online marketplace OLX India's auto sales business for how much of a cash consideration?
Where are the Elephanta Caves situated?
Who won the title of Miss Earth India 2023?