financetom
News
financetom
/
News
/
Smart cities' contours to be visible in six months, says Minister
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Smart cities' contours to be visible in six months, says Minister
Jun 7, 2018 8:36 PM

Housing and Urban Affairs Minister Hardeep S. Puri on Thursday said the 99 designated smart cities in the country, which entail an investment of nearly Rs 2 lakh crore, will start showing visible signs of excellence in the next six months.

"This project was announced in 2015 and is due for completion in 2022, but between June and December we will begin to see their physical manifestation and I think that is already obvious," Puri said as he talked of achievements of his ministry in the last four years.

"In the next few days, we are making arrangements to inaugurate the 10th Integrated Control and Command Centre (ICCC). These are cutting edge, state-of-the-art technology centres which integrate all urban services on one huge screen, making it possible to use technology for providing ease of living to all including the disabled, women and children with security features and others," said the minister.

Puri said it takes 15 to 18 months for a smart city project to get underway as it takes that much time to appoint a project management consultant (PMC) and to establish a special purpose vehicle (SPV). Most of the 99 smart cities already have a PMC and an SPV, he said.

At the time of his joining the Union Council of Ministers in September 2017, the amount of expenditure incurred on the smart cities at that stage was Rs 8,000 crore. "By May 2018, it became Rs 30,000 crore and at the end of December it would be Rs 50,000 crore," Puri said.

In May, the Madhya Pradesh government launched the country's first cloud-based ICCC for all its seven smart cities. The ICCC would enable the government to monitor and control various citizen services like smart lighting, parking, traffic, waste management and water supply from a single platform.

First Published:Jun 8, 2018 5:36 AM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Japanese Yen Latest – USD/JPY Stable as Japanese Rate Hike Bets Pushed Back
Japanese Yen Latest – USD/JPY Stable as Japanese Rate Hike Bets Pushed Back
Aug 8, 2024
Japanese Yen Latest – USD/JPY USD/JPY trading on either side of 146.00Inflation has shown steady progress towards target.The ‘likelihood of achieving the inflation target has increased further’ and further upward pressure is expected, according to the latest Bank of Japan Summary of Opinions. ‘Assuming that the price stability target will be achieved in the second half of fiscal 2025, the...
Dovish BoJ Comments Stabilise Markets for Now, USD/JPY Rises
Dovish BoJ Comments Stabilise Markets for Now, USD/JPY Rises
Aug 7, 2024
BoJ, USD/JPY Analysis BoJ Deputy Governor issues dovish reassurance to volatile marketsUSD/JPY rises after dovish comments, providing temporary reliefBoJ minutes, Fed speakers and US CPI data on the horizon Recommended by Richard Snow Get Your Free JPY Forecast BoJ Deputy Governor Issues Dovish Reassurance to Volatile Markets Bank of Japan (BoJ) Deputy Governor issued comments that contrasted Governor Ueda’s rather...
​​​​​​​Nasdaq 100 and Dow struggle but Dax moves higher​​​​​​​
​​​​​​​Nasdaq 100 and Dow struggle but Dax moves higher​​​​​​​
Aug 8, 2024
​​​Nasdaq 100 fights to hold 200-day MA ​After rebounding on Tuesday the index fell back on Wednesday to the 200-day simple moving average (SMA), currently 17,831, and closed above this level. ​Early trading on Thursday has put further pressure on the price, though it is still above the 200-day SMA for the time being. A close below the 200-day would...
Retail Sentiment Analysis – EUR/USD, GBP/USD Latest
Retail Sentiment Analysis – EUR/USD, GBP/USD Latest
Aug 7, 2024
Retail Sentiment Analysis – EUR/USD, GBP/USD Latest EUR/USD Retail Sentiment Analysis Recent data shows that more traders are betting against the Euro versus the US Dollar (EUR/USD) than for it. Specifically, about 38% of traders think the Euro will go up, while 62% think it will go down. Compared to yesterday, slightly more traders now think the Euro will rise....
Copyright 2023-2025 - www.financetom.com All Rights Reserved