Chinese telecom gear maker ZTE´s software arm, ZTEsoft, plans to invest Rs 600 crore in smart city projects in India over a period of five years. Besides this, ZTEsoft would spend around Rs 100 crore on setting up a dedicated centre for smart city projects and brand building.
Things are heating up in certain segments of the HVAC market. ´We´re seeing 18-20 per cent growth in the residential and commercial segments of the HVAC market, albeit not so much in the industrial sector,´ says A Ravi, President-Ishrae Thane Chapter, Head Marketing (Projects Business), Domestic Projects Group, Voltas Ltd.
NBCC is a blue-chip Government of India, Navratna Enterprise under MoUD. Established in 1960, it operates on a unique business model with three primary segments: PMC, Real Estate and EPC. To tap infrastructure projects in the Gulf, the company has opened an office in Oman.
Aluminium windows typically cost Rs 200-250 per sq ft as against UPVC window systems, which start at Rs 300-350 per sq ft. According to Londhe, ´Aluminium windows are less pricy than UPVC systems because they are made of a standard metal alloy, which lends itself to limited handling - aluminium can be powder-coated or anodised. In contrast, UPVC systems come in a variety of compositions.
Of the 731 smart city projects worth Rs 46,366 crore approved so far by the Union Urban Development Ministry, implementation has started in 49 (6.7 per cent) while 24 projects (3.3 per cent) are completed; 49.5 per cent projects are yet to be initiated.
Despite the variations in investment quantum across cities, there are some common threads which run through most of the Smart City plans. The most important one is around financing. Even after considering Government of India and counterpart funding from the state governments as well as the municipality, for most cities there exists a financing gap of at least 20 per cent of the total investment plan, which would need to be met through private participation.