Smart Cities Government Initiative Focused on Transforming India into Smart Nation
According to TechSci Research report, “Market Study on Upcoming Smart Cities in India, 2018”, the
government of India has selected 100 smart cities over a period of 3 years
starting from the first round in January 2016 to the fourth round in June 2018.
Of the total 100 smart cities, development of 33 cities selected in the first
round and fast track round has already started. A Special Purpose Vehicle (SPV)
has been formed for each of 95 cities, while the remaining cities are in the
stage of creating SPVs. The mission is expected to directly or indirectly
impact around 100 million of the country’s urban population. The major projects
under the mission are associated with water sanitation and supply, electricity
transmission and distribution, transport management, housing developments, etc.
Moreover, the use of Information Technology is a major component in providing
various services and bridging any gap between departments under the Smart
Cities mission.
Many cities under the mission would have Command and Control Centres for
overall city management. HP and Siemens are setting up such centre in Bhopal,
whereas, Rolta, Efkon, Cisco and Bosch are developing the centre in Varanasi. The
projects under implementation are estimated to be worth $ 30.29 billion. Out of
which, area-based development (ABD) cost accounts for around 81%, while the rest
is pan city for technology-based solutions. The area selected can be city redevelopment,
city retrofitting or greenfield development. As per census of 2011, the total
area under ABD is around 2.7% of the total area of the cities shortlisted under
the project.
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“As of 2018, the Government of India has identified 100 smart cities,
aimed at transforming the country into a digitally empowered economy. The
projects being undertaken for smart cities are developing multi-modal transport,
preservation of open spaces, affordable housing, waste management, etc.
Currently, projects worth more than $ 30 billion are under implementation. Of
the total project cost, about 42% is set to come from central and state
funding, 23% through private investments and PPPs, and 19% through convergence
with different schemes.”, said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
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“Market Study on Upcoming Smart Cities in India, 2018” has evaluated the future growth potential of the
smart cities in India and provides statistics and information on structure and
future development of the smart cities. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decision. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges and opportunities associated with
smart city development in India.
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