A smart city uses digital technologies to enhance performance and
wellbeing, to reduce costs and resource consumption, and to
engage more effectively and actively with its citizens.
Key ‘Smart’ Sectors
A smart city should be able to respond faster to city and global
challenges than one with a simple 'transactional' relationship with its
citizens. The term encompasses a vision of an urban space that is
ecologically friendly, technologically integrated and meticulously
planned, with a particular reliance on the use of information technology
to improve efficiency.
Environment & Social Sustainability
As India is urbanizing at an unprecedented rate, so much that estimates suggest
nearly 600 million of Indians will be living in cities by 2030, up from 290 million as
reported in the 2001 census.
A McKinsey Global Institute study estimated that cities would generate 70% of the
new jobs created by 2030, produce more than 70% of the Indian gross domestic
product and drive a fourfold increase in per capita income across the country.
Why do we need them?
India has allocated nearly Rs. 6000 crore for development of these
smart cities. Here goes the list of cities that have been proposed by
Union Cabinet to be upgraded to smart cities:
100 Smart Cities
The ‘Smart City Challenge Competition’ will be carried out by
Bloomberg Philanthropes, which has been involved in conducting
similar competitions in various countries. According to the plan, 20
cities will be selected this year, followed by 40 each in the next two
years. Smart City aspirants will be selected through the competition
which intends to link financing with their ability to achieve the mission
What’s the plan?
The cities will be given scores based on urban reforms that they have
carried out, their impact and what they propose to do in four key areas
– Swachh Bharat (sanitation), Make in India (ease of doing business),
good governance (modern accounting system, rationalization of
property taxes) and e-governance.
While most of the smart cities will be brownfield (old) ventures and will
be implemented through an ‘area-based’ approach including retrofitting
and redevelopment. There will also be a few Greenfield (new) projects
which means setting up of new cities.
What’s the plan? (Contd.)
Get eBooks Website
Don’t forget to follow Kotak Securities
on SlideShare to get regular updates!
• Kotak Securities Limited. Registered Office: 27 BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai
400051. CIN: U99999MH1994PLC134051, Telephone No.: +22 43360000, Fax No.: +22 67132430. Website:
www.kotak.com . Correspondence Address: Infinity IT Park, Bldg. No 21, Opp. Film City Road, A K Vaidya Marg,
Malad (East), Mumbai 400097. Telephone No: 42856825. SEBI Registration No: NSE INB/INF/INE 230808130, BSE
INB 010808153/INF 011133230, MCXSX INE 260808130/INB 260808135/INF 260808135, AMFI ARN 0164 and PMS
INP000000258. NSDL: IN-DP-NSDL-23-97. CDSL: IN-DP-CDSL-158-2001 Investments in securities are subject to
market risk; please read the SEBI prescribed Combined Risk Disclosure Document prior to investing. Derivatives are
a sophisticated investment device. The investor is requested to take into consideration all the risk factors before
actually trading in derivative contracts. Compliance Officer Details: Mr. Manoj Agarwal. Call: 022 - 4285 6825, or
Email: firstname.lastname@example.org . In case you require any clarification or have any concern, kindly write to us at
below email ids:
• Level 1: For Trading related queries, contact our customer service at ‘email@example.com’ and for demat
account related queries contact us at firstname.lastname@example.org or call us on:
Online Customers – 30305757 (by using your city STD code as a prefix) or Toll free numbers
18002099191 / 1800222299, Offline Customers – 18002099292
• Level 2: If you do not receive a satisfactory response at Level 1 within 3 working days, you may write to us at
email@example.com or call us on 022-42858445 and if you feel you are still unheard, write to our customer
service HOD at firstname.lastname@example.org or call us on 022-42858208.
• Level 3: If you still have not received a satisfactory response at Level 2 within 3 working days, you may contact our
Compliance Officer (Name: Manoj Agarwal) at email@example.com or call on 91- (022) 4285 6825.
• Level 4: If you have not received a satisfactory response at Level 3 within 7 working days, you may also approach
CEO (Mr. Kamlesh Rao) at firstname.lastname@example.org or call on 91-(022) 6652 9160.
• This is an editorial content, our research should not be considered as an advertisement or advice, professional or
otherwise. The investor is requested to take into consideration all the risk factors including their financial
condition, suitability to risk return profile, and the like and take professional advice before investing.