Press Releases2015

Aug 17, 2015
Essel Group Inks Pact with CII to Form Technical Consortium for Smart City Projects in India

In yet another big step towards realizing the PM's "Make in India" dream, Essel Group, a front runner in the smart cities mission and one of India's largest business conglomerates has signed an MoU Agreement with the apex industry association, Confederation of Indian Industry (CII) to form the India Technical Consortium for smart city projects in India. The India Technical Consortium would be set up under the CII National Mission on Smart Cities.


The MoU was signed in Hyderabad today by CII (Confederation of Indian Industry) Director General Mr. Chandrajit Bannerjee and Mr. Amit Goenka, Director Essel Infraprojects Ltd.


As per the agreement, the two organizations would work towards associating and bringing other technology and infrastructure solution partners together as a cohesive group for developing smart cities in India.


According to the MoU, Essel group will support the CII National Mission on Smart Cities by providing necessary inputs for generating ideas for policy advocacy and promotion of smart city concepts amongst stakeholders. It will also support CII's thought leadership role and the knowledge repository by providing reference points along with other Technology and Infrastructure solution partners showcasing best practices in various fields related to Smart City development. In addition Essel Group will support CII by conducting feasibility studies for the evaluation of potential target cities with regard to opportunities in energy management, mobility solutions, building management systems and other associated areas.


On its part, CII will establish a National Mission for Smart Cities ("NMSC") as a platform comprising of industry leaders and experts and provide policy advocacy and thought leadership for Smart City initiatives to Government and other stakeholders. The regional and international offices of CII would be involved in engaging the Central and State governments and other public authorities to promote the smart initiative in India. CII would also assist the Government through consultation and advisory inputs on the subject. It will also work towards raising awareness on Smart Cities in India through measures like campaigning, hosting national and international conferences and developing a dedicated B2B online portal for Smart Cities. Under the MoU, CII will also align the interests of its members with those of the Government and manage a knowledge repository in the Ministry of Urban Development, Government of India, on best practices in Smart City development.


Speaking about the MOU, Dr. Subhash Chandra, Chairman, Essel Group, said, "The MoU with CII is a perfect platform to present our commitment in creating world-class cities and transforming quality of life of people in India. We are delighted to be CII's strategic partner in this journey towards delivering integrated, inclusive and sustainable development of cities in India. The pact will pave the way for bringing in a wealth of knowledge, talent and domain expertise in the areas of engineering excellence, renewable energy and infrastructure."


Recently the Essel Group had signed a MoU with a Chinese firm, JA Solar, for setting up a solar cell and module manufacturing company in India. Essel Group is also amongst the front runner in developing one of India's largest Solar Plants in the state of Tamil Nadu and also has a JV with Rajasthan for renewable energy. Essel Group Chairman, Dr. Subhash Chandra was also a part of the PM's delegation to Germany, wherein it participated in one of the world's largest trade fair, Hannover Messe 2015, and showcased the Smart City Model / Governance framework. It forged alliances with five leading German firms to develop green energy projects and smart cities in India.


According to Mr Ashok Agarwal, CEO Essel Infraprojects, "The MoU is a big step forward because it combines the strengths of two powerhouses of Indian industry. Essel Group will closely collaborate with CII in realizing India's Smart City mission by bringing together the best technological and solution partners into a single cohesive Smart City team. We are already the Thought Leaders in the Smart City arena in India and as Master Concessionaire will lead a consortium of partners for development of Smart cities, closely working with state governments."


The Essel Group has taken large | big strides in realizing the Indian Prime Minister Narendra Modi's dream of setting up 100 smart cities in India. It plans to invest over $2billion over the next 3 years in transforming major cities across India. With a vision to enhance the quality of life, the Group associates with multiple partners to develop the smart city environment by decoding the governance policy framework.  It is the only integrated smart city developer in India with proven expertise in creating single window utility corridor.


Report By: Ashish Verma    
Mail your feedback at:
esselnewsletter@zee.esselgroup.com

« Back