Report says India’s smart cities project requires $2 trillion investment

Thinking Cities
By Thinking Cities April 13, 2015 11:37

Report says India’s smart cities project requires $2 trillion investment

India’s smart cities project would require investments of around $2 trillion for development of trunk and internal infrastructure, according to global consulting firm TechSci Research.

The Indian government is planning to set up 100 smart cities, with most of states having at least two smart cities. It is now focusing on encouraging Public Private Partnership (PPP) and companies in the financial and IT services sectors are on the priority list.

A smart city is enabled with highly advanced technology encompassing a network of sensors, cameras, wireless devices, IT infrastructure and data centres to efficiently provide essential services such as electricity, water supply, sanitation, recycling, transportation, etc. and ensure their effective management.

Karan Chechi, Research Director with TechSci Research, said the first phase of Dholera smart city in Gujarat is expected to be completed by 2023.

“Overall cost involved in building infrastructure in the first phase of Dholera smart city is expected to be around $2.73 billion,” Chechi said.

Story – eGov Innovation

Thinking Cities
By Thinking Cities April 13, 2015 11:37