The State government has affirmed to play the role of an enabler setting up level playing field and a strong dispute resolution mechanism giving comfort to private sector players in the development of Bharat Future City, the first of its kind net zero city, conceived as part of the Telangana Rising 2047 vision.
Industries and IT Minister D. Sridhar Babu has assured a panel of eminent people that the Government is firm on evolving a transparent mechanism for the private players who get lots of scope for developing the future city. “We welcome private players with open arms,” he said participating in a panel discussion on “Bharat Future City as a magnet of $3 trillion economy” organised as part of the Telangana Rising Global Summit here on Tuesday.
The participants included IGBC national vice-chairman C. Sekhar Reddy, JLL senior managing director Sandip Patnaik, ADB principal specialist Sanjay Joshi and Deloitte Touche Tohmatsu India LLP partner (consulting) Sudeep Kumar Sinha. Surbana Jurong director architecture and design Vishal Kundra moderated the session.
The discussion was centred on the scale of the proposed future city and on the participation of the private sector as it involved many moving parts that continue to evolve mandating a strong focus on several aspects, including a strong mechanism to administer. Mr. Sanjay Joshi said cities were under-leveraging their potential and needed to prepare strategic plans to realise their full potential. This called for economic vision factoring in issues like land monetisation, structuring of user charges and other aspects.
