Trade and Commerce

Figure 8.2: Regional Context showing key natural resources, existing industrial activities & industrial clusters Source: Dimensions of Growth Report

Trade and Commerce

When analysing the economic development of the city, the major contributors are agriculture and industrial sectors. Next comes the manufacturing and retail industry making huge contributions towards the development of the economy of this city. Reports state that nearly 72% of the population are working in the tertiary sector. This clearly talks about the economic development of the city. The potential role played by technology was understood as the meta-factor in smart cities initiative (Chourabi, 2012) and thus a ‘Smart city’ was defined as an organic integration of systems (Dirks, S. & Keeling, M., 2010) wherein smart economy is an integral element, for an effective integration of physical, digital and human systems in the built environment, to deliver a sustainable, prosperous and inclusive future of its citizens (BSI, 2013).