Smart cities offer over $30 billion business opportunity to ICT industry: Nasscom

The ICT integration will lead to reduction in waste, shorter response time in service delivery, increase in efficiency

pratap

Pratap Vikram Singh | May 13, 2015 | New Delhi


#smart cities   #narendra modi   #digital india   #100 smart cities   #ict   #nasscom  

The smart cities mission will require a substantial investment in information and communication technologies (ICT). This will account for 10-15 percent of the total mission outlay and will translate into $30 billion to $40 billion of business opportunity for the ICT industry, Nasscom president R Chandrashekhar said on Wednesday.

These figures are part of an integrated ICT and geospatial technology framework for smart cities mission report to be released by the industry body at the smart cities expo in Delhi on May 21.

As the population pressure on cities is growing threefold, the ICT integration will lead to reduction in waste, shorter response time in service delivery, increase in efficiency, Chandrashekhar said. It is only through ICT that cities can keep pace with increasing population pressure, he said.

The framework, prepared with the help of Accenture, association for geospatial industries (AGI) and Orkash, will be a handy guide for local governments on ICT integration. The framework defines and assesses the core of each sub system of a potential smart city, identifies ICT governance interventions, organizational requirements, and capability development needs at city levels.

It will also ensure standards, interoperability and integration with existing application, Chandrashekhar said.

The framework recommends, among other things, possible funding mechanism and procurement strategies. One of the ways of fund raising is to automate tax collection process. Past experiences have shown that the ICT integration has helped municipal corporations in increasing the property tax collection by three to four times, he said. The local bodies could also turn to debt market and equity investment.
Public private partnership is another key way to meet the funding requirements.

The ICT could also help local bodies build a performance management framework which could also provide a dashboard view on service, economic, social and environmental performance. The information dashboards could be created for local, state and central governments.
 

Comments

 

Other News

FM concludes pre-budget consultations

Union minister for finance and corporate affairs Nirmala Sitharaman has concluded the pre-budget consultation meetings for Budget 2023-24 that were held from November 21 to 28 in the virtual mode. More than 110 invitees representing seven stakeholder groups participated in eight meetings sch

Coal production rises by 18% to 448 MT

The total coal production in the country stands at 448 million tonnes (MT) for the month of October 2022 which is 18% higher than the production of the corresponding period of last year. The growth of coal production from Coal India Ltd (CIL) is also more than 17%. The ministry of coal said

How to execute large-scale social impact projects

The number of social innovators and entrepreneurs has considerably increased recently in India. The idea of social entrepreneurship, which aspires to provide novel solutions for the world`s most critical social issues, is now receiving more attention. Challenges like overworked healthcare,

Plastic is no longer a waste management issue

Plastic is arguably the most ubiquitous material of our times. In this Age of Plastic, it might seem its use can’t go up any further – and yet it keeps going. Between 2000 and 2015, global production of plastic increased by a whopping 79%. The total mass of plastics on our planet is now twice t

Celebrating the Ganit of Protein!

“Why is the child growing?” is the question that bothers a lot many in the administration. The answer, to be honest, is to be discovered via science, and less via what we call ‘effective administration’. Eventually, it will be the latter that will enforce the former on the field, bu

Trying to achieve work-life balance? Here’s some advice

The untapped potential of every individual is the biggest tragedy of the human race. The primary reason for this is our lack of awareness of the processes, tools and t

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter