ICT led enterprise market is expected to be Rs 38,400 crore businesses by 2014 from the current size of Rs. 14,400 crores. Market size was doubling every three or four years, according to Bharat Exhibitions MD Shashi Dharan, the organiser of the Enterprise India Summit that examined the building of smart cities and transforming the nation by transforming the cities. This emerging development is important as India’s urban population would be some 500 million that is about 45 per cent of the billion plus population of the country throwing up immense problems in housing, transportation, municipal services, health care and education among others.
Vijay Sethi, Vice President and CIO of Hero MotoCorp said “transform our nation we need to transform our cities by making them smarter.” He also added “Residents are looking forward to cities becoming prosperous and liveable, efficient, predictable and secure”