Mumbai to get Rs 700 cr convention hub

The Textile Ministry on Tuesday said it was awaiting clearance from the Maharashtra government for the International Convention Centre to come up at Mumbai with an approximate investment of Rs 700 crore (Rs 7 billion).

"The Centre would be set up by the Textile Ministry on its own at an approximate investment of Rs 700 crore and the government is still awaiting the clearance from the state," Union Minister of Textile, Shankersinh Vaghela said.

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Commenting on the interests shown by the corporates like Reliance and Birla to partner in the coming International Convention Centre, he said, "The Convention Centre will be set up solely by the Textile Ministry."

The government will also invest about Rs 300-Rs 400 crore (Rs 3 to 4 bilion) in the 'Haats' planned across the country on the lines the Delhi Haat.

"The government would spend a total sum of Rs 300-Rs 400 crore over a period of one year for the development of Delhi Haat kind of 'Haats' across the country and there would be at least one 'Haat' in each state capital," he said.