Академический Документы
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1.1 Introduction
1.2 Context of Developing Smart Cities in India
2.1.1 Competitiveness
2.1.2 Sustainability
INVESTMENT POTENTIAL OF
SMART CITIES
AN INDIAN PERSPECTIVE
ing Projects
6.1.2 Lesson Learnt From These Projects
Annexure
Introduction
As the global population continues to grow at a steady pace, more and more people are moving to cities every single day. Experts
predict the worlds urban population will double by 2050 which means were adding the equivalent of seven New Delhi Cities to
the planet every single year. Urban areas also contribute a higher share of GDP. In India, the urban population is currently 31% of the
total population and it contributes over 60% of Indias GDP. It is projected that urban India will contribute nearly 75% of the national
GDP in the next 15 years. Cities are accordingly referred to as the engines of economic growth. There is accordingly a crying need
for the cities to get smarter to handle this large-scale urbanization and nding new ways to manage complexity, increase efciency,
Initiatives from
Government of India
Government of India has allocated INR 70.6 billion for
Smart Cities budget in 2014-15
India plans 100 new smart cities and will develop
modern satellite towns around existing cities under the
smart city programme.
Smart Buildings
India emerged as the worlds 3 largest construction market
by 2020, by adding 11.5 million homes every year.
rd
Smart Health
Health budget up by 27 percent in FY 2014-15 to USD
5.86 billion, with special focus on improving affordable
healthcare for all
FDI limit in the insurance sector increased to 49
percent from 26 percent
Indian medical devices market to reach USD 11 billion
by 2023
processes that make it easy to run a commercial activities; simple and on line processes for obtaining approvals, and various citizen
centric services to make citizens feel safe and happy.
Smart Governance
Smart Education
The Government of India has allocated USD 13.95
billion in the Union Budget 2014-15 for the education
sector, up by 12.3 percent from the previous year.
Budget has allocated USD 81.38 million to set up
ve new IITs and IIMs.
The Ministry of Human Resource Development plans
to have 1000 private universities for producing trained
manpower to meet services and industry requirements
100 percent FDI allowed in the education sector
Indias online education market size expected to be
USD 40 billion by 2017
Target Market
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Smart IT and
Communications
Cloud Computing will evolve in to a USD 4.5 billion
market in India by 2016
Under the agship Safe City project, the Union
Ministry proposes USD 333 million to make seven big
cities (Delhi, Mumbai, Kolkata, Chennai, Ahmedabad,
Bangalore and Hyderabad) to focus on technological
advancement rather than manpower
Government of India and World Bank signed USD 236
million agreement for reducing disaster risks in coastal
villages of Tamil Nadu and Puducherry
Smart Transportation
The Government of India has approved a USD
4.13 billion plan to spur electric and hybrid vehicle
production by setting an ambitious target of 6 million
vehicles by 2020.
Ministry of Urban Development plans to invest more
than USD 20 billion on the metro rail projects in
coming years.
The proposed 534 km Mumbai Ahmedabad high
speed rail project will have an investment of around
USD 10.5 billion
Indias rst monorail project at Mumbai will cost
around USD 500 million, of which USD 183 million has
been spent on phase I.