00:00Government has announced setting up of 12 cities, smart industrial cities with an expenditure
00:06of 28,000 crore.
00:08We feel it's a great initiative.
00:10It will lead to a balanced infrastructure development across the country which is now
00:14being stationed only in the 6 super cities as we all know.
00:18It will also lead for a balanced distribution of demographics across the country.
00:26Right now the youth is targeting jobs only in the top 6 cities where a job exists.
00:30This kind of initiative will help them get a job in their own town and they may walk
00:35to work as the government has rightly said.
00:37There will be lot of purchasing power which will be created in these cities.
00:41The cost of living is comparatively going to be low in these cities as compared to the
00:46bigger ones.
00:47Hence the money can be saved and used to invest in real estate in other directions.
00:53We also feel that such initiative will lead to decluttering of infrastructure mess which
00:59is being created in the bigger cities right now.
01:01If we are targeting a 5 trillion dollar economy target piggybacking on only the 5-6 cities
01:10which we are doing right now is not the right direction.
01:14May be initiatives like these will help us to achieve that 5 trillion dollar economy
01:19much faster than ever.
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