When it comes to source of financing, most of the smart city plans envisage around 70 per cent of the total outlay to be funded by the Central and State Government, either through the Smart City Mission or through convergence schemes like AMRUT, Swachh Bharat etc.
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The Mission aims to undertake a complete urban transformation to meet the demands of more than 50% of the population which is expected to reside in cities by 2050.
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The ‘smart’ city planning goes much beyond the infrastructure. Municipal bodies and planners work very closely through the Special Purpose Vehicle (SPV).
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With the initial focus being on energy efficiency, public safety, and sustainability, the cities will soon graduate to build solutions around health, education, and system integration spanning all sectors.
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The French ambassador’s visit to Chandigarh was aimed at holding discussion with city officials about the Smart City Mission implementation and progress by the French Development Agency (AFD) and consider future projects.
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Headed for smart city mission, the public-private partnership (PPP) is critical among the possible business models. A successful PPP model needs a close coordination between state governments, civic bodies and the private players.
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GIFT (Gujarat International Finance Tec-City), an ambitious pet project of Prime Minister Narendra Modi is India’s first international financial services centre and seeks to compete with global financial hubs like London, New York, Singapore, Dubai and Hong Kong. The city has made considerable headway with several domestic and global companies setting shop here. In a tete-a-tete interview with Manali Jaggi of BW SmartCities, Ajay Pandey, MD & Group CEO, GIFT talks about the progress made on the projects in the city and the Government’s impetus to this visionary venture.
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Ahmedabad Smart City has been working on various key projects like Integrated Command & Control Centre which has been rolled out for the better of citizens while the Intelligent Traffic Management System (ITMS) & Janmitra App have also been launched.
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