The initiative aims to give a major push to construction of houses for the urban poor under the Centre's flagship Pradhan Mantri Awas Yojana (Urban).
The Centre will invite companies from across the world to showcase their construction techniques under the 'Global Housing Construction Technology Challenge', the official said, adding the technologies selected would be used for building houses under the PMAY(U) scheme.
The ministry targets to construct 1.2 crore houses under the scheme in a bid to provide houses to all urban poor by 2022. So far, nearly 40 lakh houses have been sanctioned under the scheme.
He said the competitors would be required to demonstrate construction of houses at a minimum cost in minimum duration, keeping Indian requirements in mind.
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