NEW DELHI: The Andhra Pradesh government and U.S. Trade Development Agency signed a memorandum of understanding (MoU) for the development of Visakhapatnam as smart city.

The MoU was signed in the national capital on the first day of U.S. President Barack Obama's three-day visit to India.

Andhra Pradesh Chief Secretary I.Y.R. Krisha Rao and U.S. Trade Development Agency (USTDA) director Leocadia I. Zac signed the MoU in presence of Urban Development Minister Venkaiah Naidu and various officials of the U.S. and Indian governments.

Under this agreement, USTDA intends to contribute funding for feasibility/pilot studies, and study tours workshops/trainings. It will also support consultancies and advisories for the development of Visakhapatnam into smart city, said an official statement by the state government in Hyderabad.

Other agencies of the U.S. government like the department of commerce and US Exim Bank would also support the effort of the two parties to the MoU.

Meanwhile, the U.S. Industry Organization which has shown interest in participating in the development of Visakhapatnam would provide the necessary infrastructure facilities like aviation and energy.

Under this MoU, specific agreements will be worked out by the Andhra Pradesh government and the U.S. agencies with active participation of the central government.

Chief Minister N. Chandrababu Naidu said that the MoU is a good beginning for establishing and strengthening administrative processes for higher growth.

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