Govt defers decision on land transfer for convention centre

Image
Press Trust of India New Delhi
Last Updated : Apr 28 2014 | 2:01 PM IST
The construction of a world-class exhibition centre and air cargo complex near IGI airport here may get delayed as the Union Cabinet has deferred its decision on transfer of land for the project.
The issue was discussed at the Cabinet meeting on April 25.
"The Cabinet in its meeting has deferred a decision on the matter. The issue will come up again at the Cabinet meeting," a top government official told PTI.
The exhibition-cum-commercial centre would include an air cargo complex spread over 154 hectares near New Delhi's IGI Airport in Dwarka Sector 25 and 26.
It would also have hotels, a convention centre that can seat 6,000 people. The approval was also sought for mixed use of the land.
The proposed exhibition and commercial project will be linked to the Metro.
It has been conceptualised by the Delhi Mumbai Industrial Corridor Development Corporation (DMICDC).
The project is expected to create lots of employment opportunities for people in the country and could also attract foreign investment.
According to sources, there were some issues with the Delhi Development Authority (DDA) over transfer of the land for the project.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 28 2014 | 2:01 PM IST

Next Story