Speed Post News Network
New Delhi : The Union Cabinet chaired by PM Narendra Modi on November 10, 2017, approved a proposal of the Department of Industrial Policy and Promotion for development of Exhibition-cum-Convention Centre (ECC), Dwarka, and allied infrastructure in PPP and non-PPP Mode including space for Exhibition & Convention space, trunk-infrastructure, Metro/NHAI connectivity, hotels, office at an estimated cost of Rs 25,703 crore by year 2025.
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. 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 completion of second phase of the project, according to a PIB release.
The project is estimated to generate over five lakh 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.
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 on a large scale.
Development of Exhibition-cum-Convention (ECC) Centre at Dwarka accompanied 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, according to the PIB release.