India invests in urban regeneration for an equitable and sustainable future

An opportunity to create global partnerships and a sustainable international framework in one of the fastest developing economies.

With a steadily increasing urban population around 400 million of people, representing 75% of India’s gross domestic product by 2030, the Indian central government has decided to invest in the upgrading of 100 strategic cities in order to adopt an efficient, sustainable and inclusive structure to satisfy the exponentially growing demand of well-being.

The “Smart City Mission” is the epilogue of Indian urban five years plans which have increased the focus on urban management in order to integrate the irreversible trend of urbanisation in their policy challenging India’s development potential. The evolution of India urban agenda is addressed to the strengthening of rural-urban linkages, the participatory approach and to a market-based financing regime. The Smart City Mission is financed by Central Indian Government to the extent of Rupees 48,000 crores (6.456 Billion€) over five years i.e. (an average of Rs. 100 crore 13.5 M€) per city per year. An equal amount, on a matching basis, will have to be contributed by the State/(ULB), further than other additional resources for energy, water, mobility and digital sectors, house and infrastructure building and other sectors with high innovative potential.

The ambitious project is as wide as critical because it needs to match the Indian socio-political context, social acceptability, livability and environmental sustainability of cities as well as an internationally practised approaches to suit the scale, size and context of its cities which are trying to achieve the UN 1997 Good Governance Agenda

For these reasons Area Ridef organisation with the Bangalore Rural Educational and Development Society (BREADS), European Business and Technology Centre (EBTC), Bavarian-Indian-Centre for Business & University Cooperation, Hochschule Hof – University of Applied Sciences, Studio Corno consulting firm, Integro Infotech & Consulting, Institute of Studies for the Integration of Systems ISINNOVA, Hanns Seidel Foundation India, Heidelberg Centre South Asia, Smart Cities India Foundation, the Smart City Platform and Sharing Cities project are organising an international meeting between academic word, Indian politicians of cities involved and leading companies in Smart City field that will take place in Bangalore, 21st and 22nd of September 2017.

The aim of the meeting is to create an international framework for the Smart City Mission in order to achieve an efficient urban management system and building adequate capacity of urban institution and local governments. This goals will be pursued by following the cornerstone principles of decentralisation and sustainability minimising conflicts in the urban environment and creating enabling condition for inclusive and equitable urbanisation. The conference will represent the first step for the promotion of business agreement and partnerships between the Indian administration and enterprises. Area Ridef will offer its technical, organisational support during all the planning and implementation phases of financed projects after the conference.

Report Tia Summit: “The India advantage summit 2017”, Bangalore – India 

Giorgia Galvini

Posted on settembre 21, 2017 in Uncategorized

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