India will host the 2023 summit of the G-20, a grouping of the world’s top 20 economies, at the newly-developed Pragati Maidan in the capital Delhi. Union Commerce and Industry Minister Piyush Goyal gave this information today. India is going to host the summit of top G20 leaders for the first time.
At present, new construction is going on in Pragati Maidan. There the newly developed Exhibition Pavilion 2 to 5 was inaugurated today. Speaking on the occasion, Mr. Goyal informed that the ‘new Pragati Maidan being redeveloped in the capital will host the G20 summit in 2023.’
The G20 includes Argentina, Australia, Brazil, Canada, China, the European Union, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom and the United States. . G20 countries are not represented separately in this. The G20 economies contribute more than 80 percent to the world economy and 75-80 percent of international trade.
The Ministry of External Affairs had announced on September 7 that India would host the G20 in 2023. Mr. Goyal has been made Sherpa of India for this. He had gone to Italy to attend the G20 trade ministers’ conference. India has been a member of the G20 since its inception in 1999 and will assume the presidency of the G20 for the first time on December 1, 2022.
It is worth noting that Prime Minister Narendra Modi inaugurated the PM Gatishakti-National Grand Scheme today by attending a program organized at Pragati Maidan. On this occasion, he also inaugurated the newly developed exhibition pavilion two to five there.
The annual international trade fair organized by the Indian Trade Promotion Organization (ITPO) will be held this time from November 14 to 27 in these newly developed pavilions. The new Pragati Maidan will be lined with state-of-the-art exhibition pavilions, halls and entertainment facilities.
Shri Goyal informed that eight exhibition pavilions are being built at Pragati Maidan. There will also be a huge International Conference Hall (ICC) in the sprawling complex. The new Pragati Maidan will also have an underground parking lot with a capacity to hold 8,000 vehicles at a time.
Roads leading to and from Pragati Marg have been redesigned. This will end the problem of traffic jam on Bhairon Marg and surrounding roads during big events like International Trade Fair there.