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India signs MoU with World Expo 2020 Dubai

Apr 11, 2018 10:35 IST
India signs MoU with World Expo 2020 Dubai

India and World Expo 2020 signed participants’ contract on April 10, 2018 for India’s pavilion in the World Expo 2020 which will be held in Dubai.

The contract agreement was signed by Manoj K Dwivedi, Joint Secretary in the Union Ministry of Commerce and Najeeb Mohammed Al Ali, Executive Director of Dubai Expo 2020 Bureau.

Key Points


• The contract provides for the setting up of India’s pavilion at Expo 2020 on an extra large plot of about one acre in the ‘Opportunity’ segment.

• Focus will be given to India’s advances in Space, Pharma, IT, Renewable Energy and Telecom sectors at the pavilion.

• The pavilion will be developed in public-private partnership mode.

• Moreover, leading industries and businesses will work in tune with the Central government and State governments to participate in India’s pavilion.

Various state governments, ministries and major industry associations and businesses have shown their interest in participating in the World Expo 2020 which will be held for six months beginning in October 2020.

India has already designated Binoy Kumar, Special Secretary in the Department of Commerce, as Director General of World Expo 2020 Dubai.

 

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Significance

The setting up of the India’s pavilion at the expo is just a great opportunity for India’s economy to accomplish its aim of becoming a USD 5 trillion economy by 2025.  

Furthermore, India's pavilion will also enable the country to connect with the priorities of the UAE by showcasing India's strength in high technology areas like artificial intelligence, fintech, space and green energy.

 

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Read more Current Affairs on: India , World Expo 2020 , Dubai expo

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