2024-11-20 06:13:18 :
The Mumbai Metropolitan Region Development Authority (MMRDA) has approved the design of the centre, which covers its wide scope, while the detailed blueprint is expected to be approved within two months, one of the two people mentioned above said.
The plan puts the group in direct competition with Reliance’s Jio World Convention Center, which operates at the Bandra Kurla Complex, a coveted corporate hub. Adani will establish its center in the western suburbs of Vilepalle, close to the airport, to allow for maximum visibility. The group manages a total of 11 airports across the country.
ICC will also build a 275-room five-star hotel, the person added. Currently, Jio World Convention Center is the largest in the city with a total area of about 1 million square feet.
The conference center will cover 1.5 million square feet and can accommodate 15,000-20,000 people, the people said. Total indoor area could be 1.2 million square feet, with 300,000 square feet dedicated to parking and other uses. It will be owned and managed by Adani Airport Holdings Limited, although most of Adani’s real estate projects are owned by Adani Real Estate.
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ICC will also build a 275-room five-star hotel, the person added. Currently, Jio World Convention Center is the largest convention center in the city with a total area of about 1 million square feet, while Yashobhoomi in New Delhi is the largest convention and exhibition center in India with an area of 3.2 million square feet.
Anuj Puri, chairman of Anarock, said: “Large corporates often choose to develop conference centers near major transportation hubs such as airports for hosting events such as conferences and exhibitions as they help enhance corporate image and establish a strong presence in the industry. Networking Globally ” Property Consultants Pvt. Ltd. “These venues often provide facilities that promote innovation and collaboration among participants. In addition, proximity to the airport ensures guests can arrange their travel smoothly, which is important for saving time and increasing convenience. Promoting business expansion and generating economic benefits in different areas, Puri added.
The International Chamber of Commerce plays a vital role in promoting a country’s trade and export potential by organizing conferences and exhibitions, connecting local manufacturers with global buyers and helping exchange ideas.
Yashobhoomi in New Delhi aims to be a catalyst to increase India’s share of the MICE market in Asia and bring New Delhi into the league of Shanghai, Hong Kong and Singapore MICE markets, said Rajesh Kumar Singh, chairman of the India International Exhibition and Convention Center . Convention and Exhibition Center (IICC) Ltd wrote in the company’s sixth annual report for fiscal year 2024.
IICC is a government-owned company that built Yashobhoomi. It is also expected to create more than 500,000 direct and indirect jobs, the report said.
“Everyone wants to host events in India now,” said Girish Vanvari, founder of boutique consultancy Transaction Square. “Before, all roadshows and auto shows were in Germany, chemical shows in Switzerland, etc.; now, things have changed. People want to show in India.”
“As far as the location in Mumbai is concerned, it should be close to the airport but also have enough space. Just like BKC has become congested, even the airport area can become congested,” Vanvari added.
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Indian convention centers have competitors in several Asian countries.
The National Exhibition and Convention Center (NECC) in Shanghai covers an area of 15.8 million square feet and consists of exhibition halls, National Exhibition and Convention Plaza, office buildings and top hotels. The 3.2 million square foot Hong Kong Convention and Exhibition Center is located adjacent to the famous Victoria Harbour, and has become the venue of choice for hosting more than 51,000 events since its opening.
Suntec Singapore Convention and Exhibition Center has over 200,000 square feet of exhibition space and 160,000 square feet of flexible meeting space, more than 1,000 shops, 300 restaurants, 6 museums and the Esplanade, a world-class performing arts center -Theatre on the Bay.
Convention centers that operate for decades can also help business families build long-term goodwill in the public mind. For example, Mumbai’s Birla Matoshree started out as a small conference hall but has become an iconic center for shareholder meetings of many major companies.
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