City and Industrial Development Corporation of Maharashtra (CIDCO) inked 11 MoUs worth Rs 30,000 crore for the development of NAINA projects, including Khalapur Smart City, during the just concluded Make In India Week.
The MoUs were signed in the presence of Maharashtra Chief Minister Devendra Fadnavis, Bhatia said, adding the minister on the occasion congratulated Khalapur, Kalote Mokashi and Nadode gram panchayats, representing 11 villages, under the project.
“This is indeed a revolutionary step towards developing villages into a Smart City. This signing of MoU will set a new trend. People of Maharashtra will benefit from this innovative model in the coming 25-50 years,” Bhatia quoted Fadnavis as saying.
CIDCO also inked an MoU with Transparency International India to combat corruption and for effective governance.
Bhatia said CIDCO has taken the initiative to work with Transparency International India to maintain transparency in governance under which CIDCO employees, suppliers and vendors will be given specialised trainings.
“Transparency International India will pay special attention on tenders being floated, completion of work in accordance with timeline, work experience of vendors,” he said.
Some of the MoUs signed by the corporation were with Paradise Lifespaces LLP (Rs 3,000 crore), Citygold & Research Ltd (Rs 2,000 crore), Marathon Group (Rs 4,960 crore), Wadhwa Constructions and Infrastructure Pvt Ltd (Rs 10,000 crore).