New Delhi: Hitachi India Limited and Siemens Limited signed a MoU (Memorandum of Understanding) with CII in the capital on March 17 to form a consortium that would create pilots and replicate them throughout the country for setting up 100 smart cities. The MoU was signed on behalf of Hitachi by their MD, Ichiro Iino and MD, Siemens Ltd, Sunil Mathur and DG, CII Chandrajit Banerjee in the presence of DIPP Secretary Amitabh Kant. Speaking on the occasion, Amitabh Kant said that while cities occupy only 3 % of the total geographical area of the world, they contribute nearly 80% of GDP and 2/3rd of global emissions. Hence, there was a challenge to do urbanization in an innovative and systematic manner. Kant said that learning’s gathered from the best practices across the world in the management of water, public resources, public spaces and technology etc shall be shared while implementing the smart cities concept in India. He said that smart city initiative shall be driven by technology driven companies.