Press Conference for launch of Panaji Smart City SPV

Under the guidelines of the Smart City Mission, a Special Purpose Vehicle (SPV) was formed which would implement the Panaji Smart City roadmap which will lead to the transformation of the city into a smart city. The SPV named ‘Imagine Panaji Smart City Development Limited’ was announced on 17th August 2016 by Shri. Sidharth Kuncalienker, Vice-Chairman GSIDC, Chief Mentor, Smart City, Chairman EDC and MLA Panaji Constituency in the presence of Shri. Dipak Dessai, Commissioner, CCP and Shri. Swayandipta Pal Chaudhari, Executive-Director Finance, GSIDC and Managing Director & CEO, Imagine Panaji Smart City Development Limited .The Centre had earlier announced the list of 13 cities which made it to the top of the list in the Fast Track Mode of the Smart City Submission of which Panaji won a coveted seat. Panaji is the second city after Dharamshala to incorporate an SPV.

The Imagine Panaji Smart City Development Limited will be governed by a Board of Directors and will plan, appraise, approve, release funds, implement, manage, operate, monitor and evaluate the Smart City development projects as per guidelines formed by the central government. Urban Development Secretary Shri. Sudhir Mahajan, IAS is the Chairman of SPV and Shri. Swayandipta Pal Chaudhari, Executive-Director Finance, GSIDC is the CEO of SPV.