The Confederation of Indian Industry (CII) has signed an MoU with a Spanish consortium for taking up initiatives under the smart city mission, it said in a statement on Thursday. The Spanish consortium is led by information technology and defence systems company INDRA Systems Ltd.
This is the fifth such MoU that CII has signed for smart cities. The industry body has also signed similar pacts with German, US, Indian, and Japanese consortiums.
The Spanish ambassador to India, Gustavo De Aristegui, said Spanish firms are market leaders in India in some of the verticals and expressed the hope that this MoU would not only stimulate the ongoing smart city mission in India but would also foster a stronger economic relationship across other verticals as well.