Search Result for : Smart Cities

The Dollar Business Bureau  Based on the theme of ‘Future Energy’, India’s Pavilion at the ongoing international exhibition Expo 2017 in Astana, the capital city of Kazakhstan, is attracting a lot of visitors. The participation of India at the event has been organised by the nodal body of the government to promote country's external trade - India Trade Promotion Organisation (ITPO).  The pavilion was jointly inaugurated by L. C. Goyal, Commissioner, India Pavilion and CMD, ITPO and Harsh Kumar Jain, Ambassador of India to Kazakhstan. The Expo, which is being held from June 10- September 10, 2017, is witnessing participation from 100 nations and more than 10 international organisations. The participation of India at this year’s Expo has become quite significant ...

The Dollar Business Bureau The Cabinet has approved a proposed agreement for export credit of $9 billion between Export-Import Bank of India (EXIM Bank) and Export-Import Bank of Korea (KEXIM) for infrastructure development in the country and for supplying goods and services as a part of project in other nations. “The Cabinet, chaired by the Prime Minister Narendra Modi, has approved the proposed memorandum of understanding (MoU) between Export-Import Bank of India (EXIM Bank) and Export-Import Bank of Korea (KEXIM) for export credit of $9 billion for infrastructural development in India and for the supply of goods and services as part of projects in third countries,” said an official statement. The MoU is likely to be signed between the two sides when Finance ...

The Dollar Business Bureau India seeks to double the investment from Germany over the coming five years from the present 9.5 billion euros and it also wants a rise of two-fold in the number of German firms in the country, said a former India’s Ambassador to Germany on Tuesday.  In the last few years, India has attracted around 74 German firms that have business ideas worth $1 billion of investment, Gurjit Singh told PTI. Prime Minister Narendra Modi is on a visit to Germany and held discussions with German Chancellor Angela Merkel, and also signed eight pacts. According to the latest news, Merkel was happy to, "develop cooperation with India. That's of huge importance and in no way directed against any other relationships and certainly not against the ...

The Dollar Business Bureau The delay in catching up with the world on 3G and 4G, the Telecom Secretary, J S Deepak says, will not be repeated for 5G. "It has a wider application for the industry including smart cities and management of grids. So we are keen to be with the world," he explained, stating that 5G is going to be important for India's productivity. South Korea is poised to introduce 5G by 2018, the year it is hosting the Winter Olympics. In order to stay ahead of the curve on the fifth generation data services, the government is keen on formulating a policy for the use of high-frequency spectrum bands before July. "In the next three months, we ...

PTI Underlining economic challenges in the current global environment, Prime Minister Narendra Modi today said India and the UK can leverage technological prowess to create new opportunities, while seeking investments in defence, manufacturing and aerospace sectors.Speaking at the India-UK Tech Summit, Modi showcased his government's initiatives in sectors like smart cities, startups and digital economy as he sought enhanced engagement with Britain."Together, we can create a vibrant and thriving environment for new commercial applications with breakthrough technologies," he said at the event, also attended by visiting UK Prime Minister Theresa May.Modi further said that both countries face numerous economic challenges in the current global environment which directly affect trade and commerce."But I am confident that together we can leverage our scientific ...

Sharath Chowdary   The government is working towards creating 100 smart cities in the country, but this can happen only when people choose to live smartly. Integrated public transport system helps to decongest roads, reduce parking problems, bring down the pollution levels and most importantly nurture the economy of the citizens as well as the country. In order to make Hyderabad a global smart city, it is the responsibility of the people to opt for integrated public transport system. Urban dwellers should reduce the use of private cars to ease traffic congestion. They should cultivate the habit of choosing public transport or riding bicycles while going to work, Stephen Yarwood, Urban Futurist and Former Mayor of Australian city Adelaide told The Dollar Business Bureau. ...

The Dollar Business Bureau S K Marwaha, Director, Department of Electronics and Information Technology, said India is expecting $56 billion worth of investments in the electronics sector by 2020, to meet its rising demand. The government has permitted 100 percent FDI (Foreign Direct Investment) in the electronics sector with a subsidy of 25 percent, Marwaha said on Wednesday, while speaking at 'India Connect' business forum held at CommunicAsia2016 Exhibition in Singapore. He pointed out that there is a need to enhance the electronics sector production by around $300 billion in the next four years, given the high demand for hi-tech products, which will also come from the development and restructuring of 98 Smart Cities (under India’s Smart Cities Mission) across India. ...

The Dollar Business Bureau  The government has asked the selected 20 Smart Cities to ascertain and confirm their bankable projects for securing loan assistance from the three lenders Asian Development Bank (ADB), the BRICS Development Bank, and the World Bank. On Friday, Rajiv Gauba, Secretary (Urban Development) held a meeting with the officials of eight smart cities and reviewed their progress made on specific projects in these cities.  Gauba conveyed it to the officials that the ADB has agreed to extend a loan of $1 billion, while the World Bank has agreed to provide a loan of $0.50 billion for the implementation of the Smart City programme. The BRICS Development Bank, too, is keen to support smart city mission, however it hasn’t announced ...