RaIn an interaction with INFRASTRUCTURE TODAY, Katsunori Ushiku, Managing Director, Mitsubishi Electric India (MEI), said that for transportation systems, the company is targeting an annual revenue of US $170 million in India by 2020, partly by strengthening sales and maintenance services for subways and trains, to meet the growing global demand for transportation infrastructure.
The importance of quality infrastructure and the development of an economy have an umbilical cord binding them and can never be seen in isolation. Broadly, infrastructure is the network of power, telecom, ports, airports, roads, civil aviation, railways, and transportation in a country and is the lifeline of the economy of a country.
The Central government approved Smart Cities Mission involves the development of one hundred smart cities in India. One of the most important elements of smart city infrastructure is economical and environment friendly mass scale rapid public transport system.