India has recently committed to the development and construction of 100 Smart Cities to meet the demands of its rapidly growing and urbanizing population. This effort will include construction of new municipalities and renovation of existing cities as the rural population shifts into urban areas. This white paper is a direct outgrowth of U. S.-India Business Council (USIBC) Chairman and MasterCard Global CEO Ajay Banga’s mission to meet with the new Modi Administration in June. His discussion with Minister of Urban Development Venkaiah Naidu included topics such as India's growing need for jobs, housing, commercial floor space and other pressing challenges.