Cisco to help Telangana build digital zone smart city in Hyderabad

US based networking equipment maker CISCO signed an MoU with the Telangana government to accelerate the digital transformation of Hyderabad, reported Livemint.  Through this Digital Zone smart city project and a Center of Excellence (CoE), Hyderabad seems to be pacing towards digitalisation.

As per the deal with Telangana, Cisco will open a centre of excellence, set up digital zone smart city project in Hyderabad and a Living Lab on the T-Hub premises to foster the innovation and enable start-ups to build solutions around internet of things (IoT) and cyber security. It will look to implement smart parking, smart lighting, environmental sensors, traffic analytics at key junctions, smart waste management and a control center to monitor and manage the city.

In Karimnagar, Cisco is also planning to help develop remote education in 10 schools and deploy digital solutions to make the experience of visitors to the historic Qutubshahi tomb near Golconda, better.

“Digitisation will be key to how cities, communities and countries maintain global competitiveness, increase GDP growth, foster innovation and create new jobs,” said Dinesh Malkani, president of Cisco India and South Asia, as reported in The Business Standard.

 

 

China gets nod to set up industrial parks in the country

New Delhi: The Indian government on Wednesday gave a green signal to its northern neighbour China to set up industrial parks in the country. The move comes ahead of Prime Minister Narendra Modi’s meet with China’s Premier Xi Jinping at the BRICS summit to be held in July.

Vice President Hamid Ansari. AFP
Vice President Hamid Ansari. AFP

The Cabinet approved in principle a memorandum of understanding (MoU) between India and China to set up industrial parks in order to boost relations and pump up the manufacturing sector growth. According to Law and Telecom Minister Ravi Shankar Prasad, “Cabinet today has approved in-principle an MoU with China with regard to establishment of industrial parks. The details and the contours of the MoU would be given once it is signed.”

The MoU is expected to be finalised when Vice-President Hamid Ansari visits China between June 26-30 along with Commerce and Industry Minister Nirmala Sitharaman. Signing of the MoU with China will help India improve a $40 billion trade deficit and reduce imports of Chinese goods. Through this agreement the new Modi-led government aims to grow the manufacturing sector of India in order to revive the county’s economy.

Earlier the UPA government had not cleared the MoU partly because of security concerns about Chinese firms setting up plants and industries inside the country and also as the general elections were just around the corner.

In 2013 during the fifth India-China strategic dialogue both nations had recognised five states- Uttar Pradesh, Andhra Pradesh, Gujarat, Maharashtra and Karnataka where the parks could possibly be set up.

Read more at: http://www.business-standard.com/article/economy-policy/chinese-industrial-parks-get-approval-

114062600119_1.html

Cabinet approves MoU with China for setting up Industrial Parks

The Indian Government on Wednesday has given a green signal to its northern neighbour China to set up industrial parks in the country. The Cabinet approved a memorandum of understanding (MoU) between India and China to set up industrial parks in order to boost relations and pump up the manufacturing sector. According to Law and Telecom Minister Ravi Shankar Prasad, the Cabinet has signed a MoU with China that allows the establishment of industrial parks.

Picture Courtesy – www.firstbiz.co

Signing of the MoU with China will help India improve a $40 billion trade deficit and reduce imports of Chinese goods. The agreement may seem to aim to grow the manufacturing sector of India in order to revive the county’s economy. Earlier the UPA government had not cleared the MoU partly because of security concerns about Chinese firms setting up plants and industries inside the country. In 2013, during the fifth India-China strategic dialogue both nations had recognised five states – Uttar Pradesh, Andhra Pradesh, Gujarat, Maharashtra and Karnataka where the parks could possibly be set up.

Read more at : http://timesofindia.indiatimes.com/business/india-business/Govt-clears-MoU-with-China-for-industrial-parks/articleshow/37202878.cms

http://www.business-standard.com/article/economy-policy/chinese-industrial-parks-get-approval-114062600119_1.html
http://profit.ndtv.com/news/economy/article-government-moves-to-set-up-industrial-parks-with-china-573651