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Market Report on India Smart Cities Infrastructure Investment Outlook

  • Date Submitted: 09/26/2015 05:12 AM
  • Flesch-Kincaid Score: 36.1 
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Sep 26   2015- Mumbai, India: Bharatbook.com announces a report on “ Market Report on India Smart Cities Infrastructure Investment Outlook ”. The mission aims to drive economic growth and improve the quality of life of people by promoting local development and using technology as a means to create a better livelihood, quality and standard of life and better delivery of civic facilities for citizens.
India has announced its plan to build 100 new smart cities besides developing modern satellite towns around existing cities under its Smart City program. https://www.bharatbook.com/business-market-research-reports-713468/india-smart-cities-infrastructure-investment-outlook.html The Government of India allocated INR 70.6 Billion (US$ 1.2 Billion) for Smart Cities in the Union Budget for 2014-15. The government has set up the Smart Cities Mission as an initiative to set the template and create examples of smart cities that can be replicated both within and outside the Smart City. It is expected that these cities would further catalyze the creation of similar Smart Cities in other regions and parts of the country.

India’s Smart City plan is part of a larger plan to develop industrial corridors or regions of industrial development connecting big metropolitan cities. The Delhi-Mumbai Industrial Corridor (DMIC), the Chennai-Bangalore Industrial Corridor (CBIC) and the Bangalore-Mumbai Economic Corridor (BMEC) are examples of this approach. Many industrial and commercial centers are expected to be recreated as Smart Cities along these corridors. About seven new smart cities are expected to be developed as the nodes of the corridor in its first phase along the Delhi-Mumbai Industrial Corridor (DMIC), which is spread across six states.

The development of smart cities is spearheaded by the Smart Cities Mission which is an innovative and new initiative by the Government of India. The mission aims to drive economic growth and improve the quality of life of people by...

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