Fund­ing,fi­nanc­ing mod­els for smart cities ex­am­ined

Work on the smart cities mis­sion seems to have started in right earnest. An In­dia-UK work­shop looks at fi­nanc­ing, de­liv­ery mod­els

HT Estates - - NEWS - HT Es­tates Cor­re­spon­dent

Ajoint one- day work­shop was or­gan­ised by FICCI with t he UK In­dia Business Coun­cil on In­dia- UK Work­shop on Smart Cities in In­dia, the fo­cus of which was on fund­ing and fi­nanc­ing mod­els, t ech­ni­cal stan­dards and in­te­grated im­ple­men­ta­tion of plan­ning and de­liv­ery across sec­tors for smart cities’ de­vel­op­ment in In­dia. The ur­ban chal­lenges be­ing f a c e d i n I n d i a g ave a n over­view of the op­por­tu­ni­ties avail­able in the ur­ban in­fra­struc­ture sec­tor in the coun­try, said Pradeep Puri, co-chair, In­dia-UK, joint work­ing group on Smart Cities, chair man, FICCI, ur­ban in­fra­struc­ture and smart cities com­mit­tee.

He stressed on shar­ing of tech­ni­cal ex­per­tise to help iden­tify so­lu­tions to var­i­ous ur­ban chal­lenges be­ing faced in In­dia and sug­gested that there are sig­nif­i­cant op­por­tu­ni­ties for col­lab­o­ra­tion around the gov­er­nance and re gu­la­tory struc­tures and fi­nanc­ing mech­a­nisms.

In his in­tro­duc­tory re­marks, St John Gould, director, UK Trade, In­vest­ment and Pros­per­ity - In­dia men­tioned the UK gov­ern­ment’s agenda on smart cities and said that the United King­dom was a leader in pro­vid­ing ad­vanced tech­nolo­gies, de­sign­ers and en­gi­neers in the ur­ban de­vel­op­ment space. He fur­ther said that the smart cities agenda was a great op­por­tu­nity for busi­nesses, both in In­dia and UK.

He also men­tioned that UK was amongst the lead­ing coun­tries ex­port­ing smart so­lu­tions and was de­vel­op­ing var­i­ous pro­grammes on ur­ban de­vel­op­ment both nat­u­rally and in re­la­tion to spe­cific cities.

The joint work­ing group from the UK and In­dia com- prised fan­tas­tic and highly ex­pert private sec­tor play­ers across the full range of sec­tors - con­struc­tion, in­fra­struc­ture fi­nanc­ing, ur­ban trans­port, hous­ing, plan­ning, academia and ICT, said Pa­tri­cia He­witt, chair, UK In­dia Business Coun­cil. Th­ese com­pa­nies, global lead­ers in their fields and can play a sig­nif­i­cant role in not just the In­dian gov­ern­ment’s smart cities ini­tia­tive, but also the UK’s ur­ban de­vel­op­ment plans, she added.

David Whit­tle­ton, co-chair, In­dia-UK joint work­ing group on smart cities and deputy chair­man, Arup, chaired a ses­sion on “In­te­grated im­ple­men­ta­tion of plan­ning and de­liv­ery across sec­tors” at the work­shop and high­lighted the im­por­tance of plan­ning and sec­tors in­te­gra­tion for sus­tain­able ur­ban de­vel­op­ment.

Dr A Di­dar Singh, sec­re­tary gen­eral, FICCI wel­com­ing the par­tic­i­pants at t h e wo rk s h o p, s a i d “Gov­ern­ment of In­dia’s 100 smart cities ini­tia­tive will pro­vide an im­pe­tus to the de­vel­op­ment of ur­ban in­fra­struc­ture and up­grade of ur­ban ser­vices which is much re­quired i n In­dian cities.” I ndia of f ered huge op­por­tu­ni­ties for col­lab­o­ra­tions with for­eign com­pa­nies in the ur­ban de­vel­op­ment arena. Work­ing with for­eign com­pa­nies of­fer­ing ur­ban so­lu­tions cus­tomised to In­dian re­quire­ments for smart cities area was an ef­fec­tive way to achieve the gov­ern­ment’s vi­sion of de­vel­op­ing smart cities, he said.


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