The answer to the above question is an emphatic YES! Read to find out at what scale will the jobs be created and in which sectors...
Some may wonder about a global payments and technology company becoming heavily involved in the smart cities initiative, but MasterCard most certainly has. Read the story for a MasterCard official’s view of the company’s role in smart cities. Hint: It has a lot to do with data.
The Urban Development ministry has approved action plans for a total of 143 projects, with major funds diverted towards sewerage projects. The other area of focus has been improving water supply in these cities.
The construction work has started for Navyug Housing and Commercial Project in Allahabad, which is billed as the state's first smart city project in the greenfield category.
The CII, USTDA, Australian and Japan Council have expressed interest in developing various cities in Andhra Pradesh as smart cities.
The German development bank KfW may take a call on funding the Nagpur Metro project, while the phase I extension of the Chennai Metro project may happen in January.
Stephen Yarwood, Urban Futurist and founder of City2050, shares shares his experience on developing Adelaide as an innovative world destination and the likely opportunities and challenges India may face in its quest towards 'smart cities'.
This is the fifth such MoU that CII has signed on Smart City - earlier the Industry body singed agreements with German, US, Indian and Japanese Consortiums. The Spanish Consortium was led by INDRA Systems.
Majority of the proposed investment will be spend for re-development the adjoining area of the New Delhi railway station as a mini-smart city.
The housing and urban development ministers of the two countries see public transport, municipal waste management and digitalization as priority areas for cooperation in the context of initiatives for development of smart cities in India.