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The Silicon Review Asia

India to invest big on constructing the India Pavilion at the World Expo 2020

India to invest big on constructing the India Pavilion at the World Expo 2020

India to invest a whopping amount of Rs 230 crore, to construct the Indian Pavilion at the world expo 2020 which is to be held in Dubai. The investment would be done in the field of Curation, Maintenance, security, construction, and interiors. It was proposed by PiyushGoyal, the Commerce and Industry Minister of 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,”the Minister stated. There are around twenty-seven main sectors to be focused which include India's advances in space, pharmaceuticals, information technology, renewable energy, and telecom sectors. It also is done in order to strengthen the startup sectors.

The world expo in Dubai this time is bigger than ever, almost 25 million visitors are expected to visit the expo. The Federation of Indian Chambers of Commerce and Industry (FICCI) will be helping the government to prepare for the expo. To attract many business tycoons from the country, the government has reduced the goods and services tax (GST) in hotel rooms. The tariff is slashed to 18% from the existing 28%.

This move by the Indian government will showcase the recent achievements of the nation in the field of science, technology, space research, and business on a larger platform. It will also help the investors to invest big in startups and infrastructure sectors.

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