Smart Cities of India: Lopsided Development or Inclusive Growth?

MOUNTAIN VIEW, Calif., Jan. 21, 2016 /PRNewswire/ --

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It is projected that urban India will contribute about 75 percent of the national GDP in the next 15 years. With the rapid rate of urbanization and depleting resources, it is essential for India to rethink its strategy and discover how it can best optimize the capabilities of its physical infrastructure. By leveraging global best practices in Smart City development and Information and Communication Technology (ICT), India is in a unique position to leap a few stages of growth to become a global superpower.

In 2015, the Government of India announced an ambitious plan to develop 100 Smart Cities, with a commitment of spending $7.3 billion over the next 5 years. The infrastructure overhaul would include plans in creating intelligent transport systems, smart grids, smart waste management, and smart water grids/solutions.

Join Frost & Sullivan as we take a look at the roadmap of Indian Smart Cities, along with the anticipated challenge of meeting CAPEX requirements and the dire need for devising innovative business models to make 'Smart Cities in India' a success story.

Attend this webinar to:

• Learn about the mammoth Indian Government's $7.3 billion Smart City mission aimed at applying smart solutions to improve infrastructure and service delivery in Indian cities
• Spot the key challenges with respect to regulation, funding and private public partnerships (PPP)
• Understand how Internet of Things (IoT) is disrupting industries and causing convergence to create smart energy, smart transportation, smart infrastructure, Smart Cities and other smart technologies
• Gain insight into commonly observed business models and their applicability to India
• Analyze India's area-based development strategy and the socio-economic divide
• Explore the various financial flexibility opportunities that are available for India
• Deduce the potential impact of the 100 Smart Cities on the future of the Indian economy

As this presentation will help registrants understand the complexities associated with the implementation of Smart Cities in India, it is directed towards those within the private sector as well as solutions providers. Registrants should look to gain visibility on global and innovative best practices and how they can adapt these solutions locally to offer them to Indian cities.

Thought leader insights:

"Smart Cities could be viewed as India's blueprint to a new era. As a concept, it is about creating a connected life for its citizens and a hub for its businesses where collaboration and innovation will foster development," said Frost & Sullivan Visionary Innovation Team Lead Archana Vidyasekar. "This also offers the private sector a huge business opportunity, given the commitment from central government and the subsiding political paralysis that has plagued India for years. What remains is to figure out how to address the fundamental issues; it is underwhelming to learn that land acquisition for property development is still one of the key challenges in India as a result of poor record keeping."

However, land acquisition is not the only challenge India will face in its attempt to move in a smart direction.

"Other major challenges for India will include identifying the right business and funding models, and the sharing of services and resources between various stakeholders in the Smart City value chain," stated Frost & Sullivan Digital Transformation Consultant Ayush Kachru. "The realization of 100 Smart Cities in India will largely depend on how the Smart City plans successfully incorporate other key schemes like 'Swachh Bharat', 'Make in India', 'Digital India' and 'Housing for All' to come up with a smart and integrated infrastructural  ecosystem. In addition to this, retrofitting will be the preferred strategy for most Tier One cities, followed by redevelopment in older parts of cities with a few greenfield projects geographically connected to major cities."

Register:

To attend the briefing, email Jaylon Brinkley, Corporate Communications – [email protected] -- your full name, job title, company name, company telephone number, and company email address, website, city, state and country or click here: http://frost.ly/s

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Contact: 
Jaylon Brinkley 
Corporate Communications - North America 
+1.210.247.2481 
[email protected]

SOURCE Frost & Sullivan