Networking major Cisco has tied up with Il&FS Technologies to jointly develop digital solutions to tap into the multi-billion dollar opportunity in the smart city space in India.
The companies will jointly develop Internet of Everything (IoE)-based digital solutions to pursue opportunities in the infrastructure sector and smart cities in India.
"The partnership is a collaboration between Cisco's vision of IoE, which is the intelligent connection of people, processes, data, and things, and Il&FS' deep expertise in infrastructure development in India along with ITl's excellent technology services capabilities," Cisco India and SAARC President (Sales) Dinesh Malkani told reporters.
According to Cisco, the IoE total value at stake in India is $511 billion over the next 10 years. Of the total IoE at take, public sector value at stake is $116 billion, which includes creating smart cities and citizen services such as health and education.
The Centre plans to develop 100 smart cities by 2022.