In compliance of guidelines for Smart City Mission, cities havealready established Special Purpose Vehicles (SPVs) as Limited Companies under the Companies Act, 2013.
The SPVs need to appoint Key Managerial Posts (KMP) i.e. Chief Executive Officer, Company Secretary and Chief Finance Officer as per requirement of the Companies Act. Besides this SPVs will also need to recruit Human Resources in various fields e.g. Engineering, Planning, IT, Finance depending upon requirement of each city. The same are detailed in Section 5, Terms of Reference, below.
A significant number of positions are to be filled in the 90 cities selected in the Smart Cities Mission so far, and 10 more cities that will be added soon. There are also incidental re-hiring needs in the cities from time-to-time, hence there is substantial demand, and it is felt that a structured approach for hiring and deploying professionals across the country, may benefit the SPVs.
In this context, the National Institute of Urban Affairs (NIUA), an autonomous body under Ministry of Housing and Urban Affairs plans to empanel Human Resource Firms for providing manpower to the SPVs as per the requirement of each SPV.