India has sought investments from German companies in areas including smart cities and construction of airports to increase economic cooperation between the countries. India also expressed keenness to increase collaboration with Germany in areas such as smart cities, technology for green energy etc. Currently, 80 Indian companies operate in Germany.

The government has allocated Rs 6,600 crore (€825 million) for the Smart Cities Mission for 2019-20, which is about 7% more as compared to Rs 6,169 crore (about €770 million) for 2018-19. Since the launch of the mission, a total of 5,151 projects worth more than Rs 2,000 billion (€25 billion) have been identified and are in various stages of implementation in 100 cities. 

Trade body FICCI and consulting major KPMG jointly released a report titled  ‘Cyber security in smart cities’ presenting a five-point action plan for smart cities to keep pace with cybersecurity needs, and build a cyber-resilient and trusted environment across the entire value chain.