Leo Apothekar, Vice-Chairman and Independent Lead Director, Schneider Electric said, "There are multiple components to a Smart City which need to be considered while planning such a project."
He said these mainly include energy, mobility, water, public services and buildings & homes.
"We are confident that contributions from all sections of the society, public and private, can make this dream a reality. Only cities can accommodate population growth and there is a need for Smart Cities," Schneider Electric said in a statement quoting Apothekar.
A panel discussion on smart cities -- Changing India: A Smart City Revolution -- put the spotlight on the socio- economic necessities that drive the Smart City objective.