With a budget of around Rs 26,000 crore, the India International Convention and Expo Centre (IICC) will have an area of 221 acres and will house up to 11,000 people.
While speaking at the event, the Prime Minister said, “"This project will emerge as a centre of energy of 80 crore youth. It is not just a convention and expo centre, but a vibrant centre for domestic and international business. It will be like a mini city within Delhi, there'll be convention halls, expo halls, meeting halls, hotels, market, offices and several other facilities within the campus."
He added that smaller countries have the capacity to hold large conferences, and by the creation of such modern arrangements, many countries have become the hub of conference tourism. "But we have not had this thought for years in this direction. Large conferences were restricted to only a few centers, such as Pragati Maidan. Now this thinking has changed and the result of this is today's event,"
He also laid emphasis on the work done by his government, saying, "This government has started work on unprecedented plans for the development of the country, (including) the longest tunneling work, laying the longest gas pipeline, building the longest sea bridge, construction of the largest mobile manufacturing unit."
He added that development does not happen over months or few years, it needs consistent efforts.