To get the reasonable result, govt. should support those cities or state first. "Jyada Khakar Bimar Hone se Achcha Hai ki Kum Khakar Healthy Rahe".........
Government grants will be leveraged to attract funding from internal and external sources but unless there is a possible business model or guarantee from the centre, this would not be easy.
Also, the track record of Public Private Partnership (PPP) projects is at best mixed and when there would be multiple parties associated like the center, states, local bodies and private entities, the task would be even more challenging.
Hi folks!!!! We all know that the government has recently identified 98 cities for the Smart City Project. And fund for 20 cities have been distributed. But funding for these projects and its execution will be a major challenge for companies. There is no doubt that this mission is expected to improve the quality of life for citizens of these cities. For government, the focus is on sustainable and inclusive development and the idea is to look at intensive areas and create a exemplary model.
Hi Amelia!!!! But i think that it would be better if the Govt's focus on smaller number of cities first and then developing them as model for others going forward.
Under the mission, it will be operated as a centrally sponsored scheme and the center will give financial support to the limit of Rs 48000 crore over 5 yrs, which is on an average Rs 1000 crore per city per year. And an equal amount, on a matching basis, will have to be contributed by the state and urban local bodies.
It's a good thought Devesh........"Thoda Khaye But Achcha Khaye" .....Govt. should think over this policy first....
If we look at the list of cities which have been selected as smart city, many of them would already have annual municipal budgets running into multiple times of this figure. On the other hand, there are few states which have shown doubt for implementing the scheme and if there is not enough support from them in terms of funding and administrative help, it would be difficult to take this scheme to its reasonable result.
Hi Kaushik, His (prime minister) excellent plan, still an undefined idea including quality correspondences and base, is starting to come to fruition outside Gandhinagar, capital of the condition of Gujarat, with the first "smart" city the administration trusts will give a model to India's urban future.
@ Mr Kaushik, Most (Indian) urban areas have not been arranged in a coordinated route," remarked by Jagan Shah, chief of the National Institute of Urban Affairs which is helping the legislature situated rules for the new developments. Among the difficulties to getting new urban areas constructed or existing urban communities changed is the absence of specialists who can make such tremendous projects work and pulling in private account.
According to me, to get the private sector in, there is a considerable measure of danger alleviation that needs to happen in light of the fact that no one needs an unsafe recommendation. To manufacture smart urban communities, India distributed 60 billion rupees ($962 million) in its yearly government plan for the money related year beginning April 1, even as it spent simply a small amount of a year ago's designation of 70.6 billion rupees.
Hi Guys, Gujarat International Finance Tec-City (GIFT), as the smart city is called, will bend over as a monetary center point, with expense and different breaks to draw banks, businesses and different organizations. Grown in organization with IL&FS Engineering and Construction, it intends to rival India's own budgetary capital of Mumbai and also abroad opponents like Dubai and Singapore. Weight on India's current urban focuses is now exceptional, with urban areas like Mumbai gridlocked by movement and hampered by poor base and an absence of luxuries like parks and compelling open transport.
Yet a few specialists accept that building new urban communities may not be the solution for India's swelling urban populace. India has constructed arranged urban communities previously, including Chandigarh, planned by French engineer Le Corbusier, and Gandhinagar itself. At the same time the size of its current push is uncommon.
A 10,000 foot view from on one of the two office structures on the 886-section of land GIFT site, an endeavor which started when Modi was boss priest of Gujarat, gives little hint yet of the 9 billion rupees spent on the first stage. In any case the sandy plain conceals base including an underground passage for utilities, a first in India.
According to sources, The administration has yet to choose what precisely will make a city "smart", yet the project is required to incorporate building new focuses and additionally adjusting existing ones. A nitty gritty definition with rules is expected soon
Existing urban areas like Dholera and Surat in Gujarat, and Visakhapatnam in the east, have as of now started work to change into smart urban communities with assistance from organizations, for example, Microsoft Corp, IBM Corp and Cisco Systems. Past GIFT, greenfield projects are liable to face obstacles including area obtaining rights and extensive regard forms, and additionally discovering the right area.
As per my knowledge, GIFT (Gujarat International Finance Tec-City) has the focal point of being flanked by a waterway on one side and a national expressway on the other, furthermore sits between Gujarat's political capital of Gandhinagar and its business center of Ahmedabad, with a huge universal air terminal.
Hi Mr Bardia, In front of his race last May, Prime Minister Narendra Modi guaranteed 100 purported smart city by 2022 to help meet the hurry. At an expense of about $1 trillion, as indicated by evaluations from experts KPMG, the arrangement is additionally vital to Modi's desire of drawing in speculation while giving employments to the million or more Indians who join the workforce consistently.
As per sources, India's push to suit a blasting urban populace and draw in venture rests in substantial part with many "smart" urban areas like the one being based on the dusty banks of the Sabarmati waterway. As such, it brags advanced underground foundation, two office squares and very little else. The arrangement, on the other hand, is for a fastidiously arranged city complete with sparkling towers, drinking water on tap, mechanized waste gathering and a devoted power supply - extravagances to numerous Indians.
According to many sources, with a urban populace set to ascend by more than 400 million individuals to 814 million by 2050, India confronts the sort of mass urbanization just seen before in China, and a number of its greatest urban areas are now blasting at the creases.