Market Study on Upcoming Smart Cities in India, 2015
A smart city employs high-end technology infrastructure that includes comprehensive IT infrastructure, a network of sensors, cameras, wireless devices and data centers for efficient and effective delivery of essential services such as electricity, water supply, sanitation, recycling, managing traffic, transportation systems, etc. Broader elements to be incorporated into a smart city include Smart Energy, Smart Environment, Smart Transportation, Smart IT & Communications, Smart Health, Smart Education, Smart Building and Smart Governance. In the Union Budget 2014, Government of India announced to set up 100 smart cities in the country. The main focus of government behind the development of smart cities is to transform India into a digitally empowered economy.
According to “Market Study on Upcoming Smart Cities in India, 2015”, the smart cities project in India would involve overall investments in tune of USD2 trillion for development of trunk and internal infrastructure in 100 cities planned under the project. Budget allocation towards the smart cities program stood at around USD1.2 billion for 2014-15. Gujarat, Rajasthan, Karnataka and Kerala are few of the states where maximum number of smart cities would be developed in coming years. Moreover, a number of smart cities are expected to be developed with foreign assistance on Delhi-Mumbai Industrial Corridor. Few of the major companies such as Cisco, IBM, 3M, EMC, GE, Honeywell, Otis, Timten, Louis Berger etc., have already announced intentions to invest in smart cities in the country. “Market Study on Upcoming Smart Cities in India, 2015” discusses the following aspects of smart cities project in India:
Identified smart cities in each state of India
Segmental & Regional Analysis
Changing Market Trends & Emerging Opportunities
Infrastructure costing of various upcoming smart cities
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To gain an in-depth understanding of smart cities project in India
To identify the on-going trends and developments
To obtain research based business decisions and add weight to presentations and marketing material
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The information contained in this report is based upon both primary and secondary sources. Primary research included interviews with companies associated with smart cities project development in India. Secondary research included an exhaustive search of relevant publications of government reports, state and central government investment framework, department of industrial policy and promotions (DIPP) reports, news articles, etc.
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