Shenzhen govt to invest $200 million in ZTESoft's Gujarat smart city project

Shenzhen city, which comes under the Central Government of China, has announced an investment of $200 million in ZTESoft's smart city project for Gujarat.

"We will invest $200 million in ZTESoft which is associated with smart city project in Gujarat," said Tainfu, standing committee member of CCP Shenzhen committee.

Since May 2015 after signing memorandum of understanding with Gujarat during chief minister Anandiben Patel's China visit, ZTESoft has been working with Ahmedabad and Gandhinagar Municipal Corporation for smart city projects.

ZTESoft had signed an MoU with Gujarat to work on smart city development using ICT. Later, letter of cooperation signed for Ahmedabd adn Gandhinagar for joint research and make proposal for both the city for smart city program.

Prasoon Sharma, managing director of ZTEsoft India and south Asia said: "We have already submitted initial proposal to both the corporations for the project."

ZTEsoft is provider of telecom software, solutions and services, specializes in providing comprehensive BSS/OSS, big data and managed service solutions to global operators of wireless, wire-line and broadband cable services. ZTEsoft's ZSmart solutions have been deployed by operators in more than 70 countries worldwide.

Shenzhen city is directly under Central Government of China. Thus, Shenzhen enjoys strategic, diplomatic and financial importance and access in China. As per China central government's direction, Shenzhen government is also keen to invest and enhance the cooperation with India at Government and social level.