banking service chronicle magazine
banking service chronicle magazine Published this articles page no The primary focus of initiatives relating to local economic development is on commercial and retail activities, with a strong focus on market redevelopment projects and the new construction of offices, homes and allied institutions such as convention centres, etc., as part of mixed-use development. Few other project interventions being implemented by Smart Cities include setting up of skill development centres, incubation centres and vending zones. Innovation as key driver The Smart Cities Mission aspires to build the right partnerships and networks, create enabling environments for engagement, and put in place an ecosystem which breeds innovation. Recognizing the role of Start-ups, the Smart Cities Mission will work to create an innovation eco-system in Smart Cities through SPIRIT--Smart Cities Promoting Innovation Research and Incubation in Technology. It is an initiative in collaboration with Atal Innovation Mission (AIM) and Start-up India program harnessing the strengths of the three initiatives. This will foster creation of an eco-system for innovations in Smart Cities, enabling local area development, harnessing technology and providing boost to the economy. Another important area of transformation is the digital payments space. banking service chronicle magazine
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