DIPP Current Affairs

PM lays foundation stone of India International Convention and Expo Centre in New Delhi

Prime Minister Narendra Modi laid foundation stone of India International Convention and Expo Centre (IICC) in Sector 25, Dwarka, New Delhi. On completion, it will be biggest indoor exhibition space in India and also rank among the top 10 in the world.

India International Convention and Expo Centre (IICC)

IICC will be integrated complex with facilities like exhibition halls, convention centre, open exhibition spaces, mixed use commercial spaces like star hotels (5, 4 and 3 star), retail services and high-end offices. It will provide facilities on par with best in the world in size and quality.

It will offer setting for international and national events, meetings, conferences, exhibitions and trade shows. It will have capacity to accommodate 11,000 persons, 5 exhibition halls, 1-kilometre long foyer, multi-purpose arena with retractable roof.

The project is planned over area of 221.37 acre in Sector 25, Dwarka at an estimated cost of Rs 25,703 crore. It will be implemented by India International Convention and Exhibition Centre Ltd, a 100% government-owned company set up by Department of Industrial Policy and Promotion (DIPP).  It is expected to generate over 5 lakh employment opportunities.

Construction of IICC will be in line with green building principles and Indian Green Building Council (IGBC) Platinum rating standards. It will be developed in two phases. Phase-I and II will be completed by December 2019 and December 2024, respectively. It will have dedicated underground Metro station which will be extension of airport high speed metro corridor being constructed by Delhi Metro Rail Corporation.

Month: Categories: India Current Affairs 2018

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Integrate to Innovate Programme launched for startups in energy sector

Invest India under Department of Industrial Policy and Promotion (DIPP) in partnership with energy companies has launched Integrate to Innovate Programme for startups in energy sector. It is three-month programme for startups in the power sector aims to foster collaboration between startups and large corporations of the energy sector.

Integrate to Innovate (i2i) Programme

i2i programme will provide opportunity for startups for collaboration and conversation around valuable energy transitions by bringing their ideas to life with guidance and support from corporates. The selected startups will receive cash prize grant of up to Rs 5 lakh along with opportunity to pilot their product with corporates. The corporates will offer selected startups access to technology, technical and commercial mentorship and access to potential customers through corporate network of partners. Startups from innovators across various stages of energy life-cycle i.e. generation, transmission and distribution, storage and consumption in multiple sectors such as households, industry, farm, infrastructure, utility, building and transport are invited under this programme.

Invest India

It is official Investment Promotion and Facilitation Agency of Central Government. It has been set up as non-profit venture under Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce and Industries. It is mandated to facilitate investments in the country. It is first stop for potential global investors in country.

Month: Categories: India Current Affairs 2018

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