India's top metro cities need to improve their infrastructure and other civic amenities too.
The announcement declaring New Delhi Municipal Council a winner of the smart city challenge came when the rest of Delhi was drowning in urban waste.
IFC will act as a transaction advisor for the projects to be developed in the public-private partnership mode.
Bhubaneswar, Pune, Jaipur and Surat are among 20 cities selected in the first batch to be developed as 'smart cities'.
The Centre has asked the state governments to nominate cities and towns for inclusion under Smart Cities Mission as the first stage of the competition has started.
IBM has chosen Surat, Allahabad and Vizag among 16 global locations for its smart cities programme.
Each city would get Rs 100 crore (Rs 1 billion) every year.
Pune, the city that made it to second spot in the Smart City Challenge competition earlier this year, is not new to the concept.
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