The Government of India intends to transform 100 Indian cities into Smart Cities. Guwahati was one of the twenty cities to be selected in the first round of smart cities challenge. In this context, Guwahati has incorporated a special purpose vehicle (SPV) – Guwahati Smart City Limited (GSCL) to plan, design, implement, coordinate and monitor the smart city projects in Guwahati. GSCL is a company incorporated under Indian Companies Act 2013 with equal shareholding from Govt. of Assam.
The SPV has been established on 11th May 2016. The total authorized capital of SPV has proposed Rs. 400.00 Crore and total paid up capital of the SPV is Rs. 378.00 Crore. As per the Government of India, the total proposed cost for Guwahati smart city is around Rs. 2296 Crore; which includes Area Based Development (ABD) cost is approx Rs. 1579 Crore and Pan City cost is approx Rs. 622 Crore.