When the 60 winning cities (with proposals worth over Rs 1.31 lakh crore) become smart, it is expected to positively impact the lives of 72 crore urban population. While Rs 1.05 lakh crore will be spent on area-based development plans, Rs 26,141 crore will be spent on pan-city solutions in the next five years.
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Leading Light
Philips has announced the appointment of Harshavardhan Chitale as CEO of Philips Lighting solutions, South Asia, effective from 1st January, 2015. In his new role, Chitale will be based in Gurgaon and will be responsible for driving and building the Lighting Solutions business for Philips in India.