Pragati Maidan Complex is to be re-developed into a world class convention centre. The proposal is to develop 3,26,065 sq. mtrs of built-up area including 1,19,445 sq. mtrs of exhibition space into a Convention Centre with seating capacity of 7,000 pax. The re-developed convention centre will have a number of different sized meeting rooms, space for public circulation, support facilities and parking space for about 4,800 passenger cars in the first phase of the development plan. The second plan envisages further development of 86,255 sq. mtrs. of exhibition area.
It has been proposed that Pragati Maidan be re-developed on EPC mode, that is Turnkey or Design Build mode. For developing Pragati Maidan it is estimated that completion of phase one will take 36 months from the date the project is awarded to the executing agency once the statutory clearances are done with.
Proposal for new centre at Dwarka, New Delhi:
There is one proposal from Department of Industrial Policy and Promotion to make a World Class State-of-the-Art Exhibition-cum-Convention Centre in Dwarka, New Delhi. The proposal is that the new Exhibition-cum-Convention Centre will comprise a host of independent and mutually beneficial facilities like exhibition halls, convention centres, banquet halls, auditoria, arena, financial centre, hotels, Food & Beverage (F&B) outlets & retail services too.
The project at Dwarka is being developed in Public-Private Partnership, utilising, if necessary, viability gap funding of Government of India. Completion of the project is dependent upon confirmation and approval of various activities needed to be undertaken with regard to implementation of the Project by respective authorities and agencies.
Benefits of these projects:
The proposed projects can become a key facilitator in making the NCR a globally competitive Meetings, Incentives, Conventions and Exhibitions (MICE) destination.
Exhibitions and conventions provide a strong stimulus to the domestic industries, including transportation, travel and tourism, catering and hospitality. The Convention and Exhibition industry has a multiplier effect of up to 2 to 6 times, depending upon the type of industry.
Exhibitions result in generation of employment, not only directly, but also through the growth in allied industries as a result of the economic stimulus propagated through exhibitions and conventions.