Infrastructure Status For Convention Centres
Source : The Hindu
GS III : Infrastructure: Energy, Ports, Roads, Airports, Railways etc

Why in News?

The government has expanded the definition of infrastructure to include exhibition-cum-convention centres.

Key Facts

• Convention and exhibition centres had been included in the harmonised master list of infrastructure sub-sectors under the social and commercial infrastructure sub-sector.
• To qualify under the category projects will require a minimum built-up floor area of 100,000 square metres of exclusively exhibition space or convention space.
• Exhibition-cum-Convention Centre is included in the Harmonised Master List of Infrastructure Sub-sectors by insertion of a new item in the category of Social and Commercial Infrastructure.
• Inclusion in the list implies access to concessional funds, promotion of projects and continuity of construction for the specified sub-sectors.

What is Infrastructure status ?

• Infrastructure status gives industries access to cheaper foreign currency funding through the external commercial borrowing route.
• Infrastructure sectors including those concerning road, ports, shipping, railways, inland water transport, urban development, power, new and renewable energy, railways and telecommunication sector referred to Department of Economic Affairs by the Administrative Ministries concerned.

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