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

Mumbai`s stalled building projects: Is self-redevelopment the real solution?

Land in Mumbai city, which is surrounded by water on three sides, is scarce and has a premium. Property prices in certain areas of financial capital of the country are as much as Rs 1 lakh per sq ft. Yet, 5,800 buildings have been lying in a stalled condition for the last 18 years. Meanwhile

Revadi, electoral reforms and fiscal responsibility

Revadi (sweetmeat) or more popular word, ‘freebies’, has been dominating headlines recently. A public interest litigation (PIL) has been filed in Supreme Court to bar all political parties from making such promises. In response, one leading political party, Aam Aadmi Party (AAP), has filed thei

Jal Jeevan Mission: 6.70 crore households provided with tap water connections

Since August 2019, Government of India, in partnership with States, is implementing Jal Jeevan Mission (JJM) to make provision of potable tap water supply every rural household by 2024. As many as 6.70 crore households have been provided with tap water connections in the 35 months, since Aug

Cloud inclusivity: Ensuring highly regulated organisations are ready for a cloud-first world

Over the last few years, cloud has been able to create a special place for itself amongst fast moving, competitive and growth-led organisations. As the technology became an imperative, it has undoubtedly created unique business opportunities and isbecoming an anchor for innovation for leading businesses gl

1.29 crore voters chose NOTA in five years

None-of-the-above, or NOTA – the option introduced for voters in 2013 when they don’t want to support any of the candidate – has made some progress. In the past five years, NOTA has secured 1,29,77,627 votes in state assembly elections and Lok Sabha election, according to an analysis by t

India committs to reduce Emissions Intensity of GDP by 45% by 2030

India stands committed to reduce Emissions Intensity of its GDP by 45 percent from the 2005 level by 2030 and achieve about 50 percent cumulative electric power installed capacity from non-fossil fuel-based energy resources by 2030. The country’s India’s updated Nationally Determined Contributi

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