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India US$ 15.3 billion 100 Smart Cities Mission

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IDC Government Insights’ recently published report “India Smart Cities” reveals that India is seeing increased interest and uptake in smart city initiatives to boost domestic productivity, quality of life and address the country’s pressing socioeconomic problems. IDC believes that government officials play a critical role in driving the development of India’s smart city roadmap 2025 by leveraging digital and other technologies to boost government efficiency and productivity.

Rapid urbanization has led to considerable infrastructure and socioeconomic problems. Indian cities annually require about 2.5 million new dwellings; but less than 15 per cent of the requirement is being constructed. In order to mitigate the challenges, the Government of India has allocated an outlay of Rs 98,000 crore (US$ 15,329.26 million) to execute 100 smart cities mission and the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) for 500 towns and cities in the next 5 years to promote smart solutions for the efficient use of available assets, offer economic activities, investment and employment opportunities, and improve the quality of life of a wide range of residents.

IDC believes that smart city projects offer significant partnering opportunities between technology vendors and the government across various initiatives. These includes Integrators like IBM, Oracle and Accenture who provide unified integration of multiple components; Network Service Providers such as Cisco and Verizon, who offer collaborative networks and data analysis Product Vendors like Honeywell, Schneider Electric, and Siemens who provide products that operate as main nodes of connectivity; and Managed Service Providers like IBM and Infosys, who provide monitoring, management and consulting.

Read more at: http://www.indiainfoline.com/article/news-business/india-us-15-3-billion-100-smart-cities-mission-116090100696_1.html

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