India to invest Rs 230 crore in World Expo pavilion

Economy


DUBAI: India will invest Rs 230 crore in constructing the India Pavilion at the World Expo 2020 in Dubai next year and plans to raise Rs 200 crore from participation charges, publicity and sponsorships. Investment would be in construction, curation, interiors, maintenance and security.

Commerce and industry minister, who is in Dubai, on Sunday proposed a mechanism for those who visit the expo, to be able to visit India. “We would like it if people who come to visit the expo can extend their visit and travel to India. We will make India Pavilion the best pavilion of Expo 2020,” Goyal said. He was speaking at the brick-laying of the India Pavilion at World Expo 2020.

Twenty-seven focus sectors have been identified to showcase India’s advances in space, pharmaceuticals, information technology, renewable energy and telecom sectors and also strength in innovation and startups. “These themes will be changed every few days to showcase India’s strengths,” said an official aware or the details.

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Goyal also pitched for a facilitation process to double the number of visitors from the UAE goods and services tax (GST) on hotel rooms with tariffs of up to Rs 7,500 per night was cut to 12%. “GST has been reduced, making tourism activities more affordable. There is a huge potential to showcase our culture at the India Pavilion which will encourage more India visits,” he said.



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