Ans:-A ‘Smart City’ (SC) is an urban region that is highly advanced in terms of overall infrastructure, sustainable real estate, communications, use of advanced and efficient technology, and market viability. It is a city where each and every resident participate through information technology – promoting inclusive growth.
On the other hand, SEZs are the zones where businesses are being promoted by providing exclusive rights; so that sustainable business development could be pushed along with the aim to increase trade, investment, jobs and administration.
Though both the SC and SEZ are imbibed with an aim for development of the region, but they have principle variations which makes them apart. That are:
--- SCs are targeted towards ‘urban renewals’ so as to enhance quality of urban life, while SEZs are zones solely responsible for the growth of businesses and investment.
--- SCs depend to a large extent to provide up-graded and efficient physical infrastructure, while by formation of SEZs it is expected that it will trigger flow of FDI, new technology and productive capacity, leading to generation of additional economic activity.
--- SCs make a call for ‘participative growth’ targeting behavioural change among the masses, while SEZs provides conducive environment to the companies through different business and trade laws.
Since SCs are aimed to cover a larger extent than SEZs not only as a site of production and efficient governance but also as the sites of consumption. In the event it is likely to spur economic growth and improve the quality of life of its citizens. Hence, it can prove to be greater success than SEZs.
On the other hand, SEZs are the zones where businesses are being promoted by providing exclusive rights; so that sustainable business development could be pushed along with the aim to increase trade, investment, jobs and administration.
Though both the SC and SEZ are imbibed with an aim for development of the region, but they have principle variations which makes them apart. That are:
--- SCs are targeted towards ‘urban renewals’ so as to enhance quality of urban life, while SEZs are zones solely responsible for the growth of businesses and investment.
--- SCs depend to a large extent to provide up-graded and efficient physical infrastructure, while by formation of SEZs it is expected that it will trigger flow of FDI, new technology and productive capacity, leading to generation of additional economic activity.
--- SCs make a call for ‘participative growth’ targeting behavioural change among the masses, while SEZs provides conducive environment to the companies through different business and trade laws.
Since SCs are aimed to cover a larger extent than SEZs not only as a site of production and efficient governance but also as the sites of consumption. In the event it is likely to spur economic growth and improve the quality of life of its citizens. Hence, it can prove to be greater success than SEZs.
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