The pace at which Infrastructural development is booming globally in the current era, seems unstoppable. Taking cue from this, developing nations too are laying special emphasis on the growth of Infrastructure as they are aware that in order to become an economic powerhouse, emphatic rise is this sector is indeed critical. In an emerging economy like ours, owing to the humungous surge in urban population, infrastructure is growing more outdated thus forcing the Government to take corrective actions as rapid population in urban areas is pushing already inadequate infrastructure further beyond its capacity. Owing to this rampant growth, highly-concentrated demographic growth in cities is one of the greatest challenges that policymakers face as they look to protect the overall development of nation in face of overwhelming global sustainability crisis. These pressures thereby result in substantial congestion, over-tapped water systems, and unreliable access to energy and IT which in turn puts more pressure on the burgeoning populous.
Hence there is an ongoing need to organize & accelerate the development of this sector wherein a concept like Smart City seems more viable & feasible for a consistent & augmented growth from the perspective of information network and big data use to improve the accessibility & efficiency of infrastructure. Through initiatives like Smart City & AMRUT Mission the current govt. is laying greater emphasis on building this sector as it knows that growth of Tier II & Tier III cities along with Roads, Railways, Port & Sea Infrastructure is indeed imperative for a sustainable development & maintaining an equilibrium on per capita density.
- The Economic Times understands that while India gears up to meet infrastructure demand of its growth economy, back end functions of planning, commissioning & delivering infrastructure in prescribed time and costs still remain major challenges. In order to discuss these challenges along with other important issues it is indeed significant for all stakeholders to come together on a shared platform . A major reform can be achieved if leaders and visionaries of the industry come together to address the critical issues and discuss optimal solutions. We believe, in order to become a developed nation in the coming decades, this sector will indeed hold the key for an augmented & speedy revival of our GDP.
- Vision of 100 smart cities
- Allocation of INR 48000 crore towards Smart City Mission
- 500 cities having a population of over 1 lakh to be developed under AMRUT mission
- Allocation of INR 50000 crore towards AMRUT mission
- RBI has notified 100% FDI in Construction development Sector
- Govt approval of INR 40000 Crore Road projects
- The stock of stalled projects at the end of December 2014 stood at 8.8 lakh crore or 7 per cent of GDP
- Railway projects worth INR 1.6 trillion scheduled for completion in 2016-2017
- Shipping Transport Infrastructure projects worth INR 107.2 billion to get commissioned during 2015-16.
- Building Smart Cities Of Tomorrow
- Interaction With Policy Makers, Govt. Officials & Private Sectors
- Direct Interaction With Banks/Project, Finance Companies
- Face to Face With Critical Stakeholders/Leaders From The Industry
- In Depth Dialogue With Users & Solution Providers
- Meet The Decision Makers