Bisinfotech October Issue 2021

Page 8

COVER STORY

Rajeev Sharma

Chief Strategy Officer, Mitsubishi Electric India Pvt. Ltd

Sanjay Sudhakaran Vice President- Power Systems, Schneider Electric India

Vasantha Subbiah Vice President- Communications, FluxGen Engineering Technologies

Meet the Smart City Enablers

A report from ResearchAndMarkets.com predicted the global smart cities market to reach USD 670,424.1 Million by the year 2030. The market is expected to register a CAGR of 20.5% during the forecast period. The report is talking about the global situation, but if we talk about the Indian market, so situation is not showcasing any positive impact of smart India mission. Since the launch of five years, hundreds of projects under the Smart City Mission have not been completed. Only 1,119 of the 1,794 projects (63%) in the first phase of the mission are completed. Moreover, only Rs 18,408 crore have been spent of the total estimated budget of Rs 57,124 crore. The agenda of this project is to accomplish it within a span of five years. While emphasizing on the same, Nitisha from BISinfotech ineracts with Vasantha Subbiah, Vice President- Communications, FluxGen Engineering Technologies; Rajeev Sharma, Chief Strategy Officer, Mitsubishi Electric India Pvt. Ltd and Sanjay Sudhakaran, Vice PresidentPower Systems, Schneider Electric India.

08 10 | 2021 BISinfotech


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