Mohamed Ali Alabbar, the Director General of the Department of Economic Development, and Government of Dubai urged India to offer different incentives to foreign investors to invest in India’s in infrastructure projects. This idea is a pressing need that drives India’s urbanization plans. It was reported that India needs an estimated $500 billion for its infrastructure development plans to meet the needs of the ever-growing population. Foreign investors can provide this large amount of money needed. The plan for getting these investors to cooperate is to offer special incentives for those investing in long-term infrastructural projects.
“Only 29 per cent of the Indian population lives in urban centers as against 40 per cent in China and 50 per cent in Indonesia. The increasing pressure on urbanization can be effectively met only through the growth engines that create new ‘absorption’ points which will take the stress from the cities and facilitate stronger rural-urban linkages,” said Mr. Alabbar.
I really like this article because it shows India planning ahead for their cities futures. Even though they are behind other cities in population, India realizes the inevitable urbanization. I think by offering these incentives for investments, they are paving the way for a positive population growth. I do however think that it will take more than just plans for new innovative infrastructure. The people, businesses, economy, and government leaders all need to be prepared for this shift. Since urbanization can affect health conditions, crime, sewage, waste, and pollution scales, every threat needs to be planned out.
http://www.albawaba.com/en/countries/UAE/219632
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