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

On a personal note: DIVINE

An underground rapper who grew up on Mumbai streets, Divine spins his music around his environment and poverty. His breakout single, ‘Meri Gully Mein’, along with fellow rapper Naezy caught Bollywood’s attention. The Hindi film ‘Gully Boy’ is inspired by their lives and gr

The role model for an IAS officer

Anil Swarup, an IAS officer of Uttar Pradesh cadre who retired in 2018, is a model bureaucrat who retained his optimism right till the end of service and exemplified dedication and commitment. His excitement at the opportunities that a job in the IAS provided is evident on every page of his new book publis

Reform of the civil services: At home and away

The question of reform of the civil services has been debated extensively at all levels at least over the last five to six decades after independence. Indeed, it was soon perceived that the Indian Administrative Service (IAS) may not be well equipped to deal with the problems of an emerging developing coun

The greatest challenge for any government

Shouting vengeance at all and sundry while wriggling out of holes of our own making seems to be our very special national characteristic. Some recent instances are illustrative of this attribute. A number of business tycoons with thousands of crores of unresolved debts have fled abroad with the government

The mysterious case of CBI’s legality

The Central Bureau of Investigation (CBI) came into existence, based on a Resolution of the home ministry, dated April 1, 1963 – a sheer coincidence that it also happens to be April Fool’s day. Over the past few months, we have seen the CBI live up to its founding day with great zeal, being i

The Evolution of Modi

Gujarat was passing through a turbulent phase in the 1980s. The decade began middle class agitations against new reservation policies, and the caste friction turned communal under the watch of chief minister Madhavsinh Solanki, alienating majority of urban population on both counts. The ground was ripe for

Current Issue

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter