You have heard it right. The India International Trade Fair could move to Gurgaon if the commerce ministry and the Haryana government are to be believed. The Exhibition-cum Convention Centre (ECC) at Panchgaon Chowk, NH-8, could be the venue for the biggest trade show of Asia in 2014.
To come up at the cost of Rs 2,500 crore, the consortium of Jurong-KPMG- DTZ - ESRI, the consultants hired for a pre-feasibility study, in their report submitted two weeks ago, asserted that shifting of the entire business of Pragati Maidan to this new facility will contribute a lot to its success.
The consultants had also suggested creation of a facility for over an area of 250 acres, one of the three early bird projects of Delhi. The consultants have been further advised to submit a report on the Institutional Framework/Ownership Model for the project involving the government of India and government of Haryana.
The International Trade Promotion Organization (ITPO) had also identified the area for creation of such a facility for the purpose of holding IITF. The DMIC consultants had suggested eight different locations for the project and zeroed in on the Panchgaon Chowk site in Gurgaon, at the junction of National Highway-8 and KMP Expressway, as the most suitable for the ECC project, Rajiv Arora, the managing director of HSIIDC, said while confirming the development.
The plan will be implemented in two phases Phase-I, over 150 acres, and Phase-II, over the remaining 100 acres. The facilities to be created at the Exhibition-cum-Convention Centre include an exhibition space, convention centre for 6,000 people, retail arcade and hotels.
The government is also establishing a dedicated freight corridor between Delhi and Mumbai, with terminals at Dadri in the National Capital Region of Delhi and Jawaharlal Nehru Port near Mumbai. The corridor, covering a length of around 1483 kilometres, will pass through Uttar Pradesh, National Capital Territory of Delhi, Haryana, Rajasthan, Gujarat and Maharashtra.
In order to tap the immense opportunities likely to be thrown open by the corridor, a band of 150 to 200 kilometres around its sides is being developed as the Delhi-Mumabi Industrial Corridor (DMIC). The vision for the development of DMIC is to create base in this band with globally competitive environment and state-of-the-art infrastructure to activate regional commerce and enhance foreign investments.
The state government has designated HSIIDC as the nodal agency for the DMIC projects in the state.