PM Modi Approves Rs. 25,703 Crore Exhibition Centre in Dwarka
The Union Cabinet chaired by Prime Minister Narendra Modi today approved the proposals of the Department of Industrial Policy and Promotion.
The proposals include development of an Exhibition-cum-Convention Centre (ECC) in Delhi’s Dwarka area and allied infrastructure in public-private partnership (PPP) and non-PPP Mode.
The project will include Exhibition & Convention spaces, arena, trunk-infrastructure, Metro / NHAI connectivity, hotels, office and retail spaces etc. It will be carried out at an estimated cost of Rs. 25,703 crore to be completed by the year 2025.
With a population of nearly one million, Dwarka is said to be the largest residential suburb in Asia.
[ Join the Green Group of Dwarka ]
According to a government communique, Phase-1 of the project comprising trunk infrastructure along with Exhibition cum Convention Centre will be implemented and commissioned by December 2019. These will be implemented as non-PPP component.
Phase-2 of the project comprising the remaining Exhibition area will be implemented by 2025. The component includes hotels, retail space, and offices and it will be implemented in the PPP mode.
It is estimated that the proposed ECC facility, once fully operational, will infuse a demand for more than 100 major international and local exhibition events annually.
[ DDA Corruption Increasing in Delhi Housing Societies ]
The number of persons visiting the exhibition facility annually (paying visitors) is estimated to be more than 10 million in the first phase (2019-20) and 23 million after completion of the second phase (2025).
Similarly, convention-based delegate attendance is estimated to cross 1.5 million annually after successful completion of second phase of the project.
According to the governent, the project is expected to generate over 500,000 direct and indirect employment opportunities. The job creation will happen in core ECC facilities as well as in supporting ECC land uses like retail, office, and hospitality.
[ Report Corruption in Delhi Housing Societies to Clean House ]
Conferences and exhibitions are vital links to connect local manufacturers with global buyers and to serve as a platform for exchange of business ideas. India lacks an integrated world-class facility which can meet the requirements of global exhibition-cum convention operators in terms of space, project facilities, transportation linkages, etc. at a large scale.
Development of Exhibition-cum-Convention Centre (ECC) at Dwarka, along with supporting components, once fully operational is expected to bring New Delhi in the league of Shanghai, Hong Kong, and Singapore in the area of exhibition market.
