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 here.
According to Cisco, the IoE total value at stake in India is USD 511 billion over the next 10 years. Of the total IoE at take, public sector value at stake is USD 116 billion, which includes creating smart cities and citizen services such as health and education.
Some of the solutions that will be jointly developed will focus on urban services and smart city infrastructure solutions like traffic and transportation, public safety and security, command and control services and e-governance, Malkani said.
"A broader set of next-generation urban services like parking, lighting, traffic and citizen engagement services built on top of Cisco's City Infrastructure Management will also be worked on," he added.
These solutions will help citizens access, in real time, infrastructure services such as traffic, parking, lighting, and water, as well as city operators to improve city infrastructure operations through sharing information in real time across agencies and systems.
In September, Cisco had unveiled a "smart city" model to demonstrate how smart networks can play a crucial role in areas like education, healthcare, work and electronic delivery of citizen services. It was set up to act as a blueprint for the future of smart and connected communities in India.
IL&FS Technologies Ltd (ITL) is a technology solutions arm of Infrastructure Leasing & Financial Services (IL&FS).
"Our collaboration with Cisco will bring the power of the IoE to greenfield and brownfield cities, communities and rural communities in India. Together we can enable digital solutions for the most essential citizen services such as healthcare and education," ITL Chairman Prem Saigal said.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
