The Board of Control for Cricket in India (BCCI) is also in early discussions to build a new stadium in the national capital, he told reporters. The government has allotted 30 acres (12.14 hectare) of land for the purpose.
"I have to admit one thing, our stadium standard is not up to the mark," Pawar said. "We have to improve our grounds, wickets and stadiums."
"Because of the good monetary support the board got, we are going to invest substantially and provide permanent international standard infrastructure in India."
The BCCI, the richest national cricket board, announced last month that it had signed rights deals worth over $1 billion.
Most Indian venues are owned by the government with poor seating and toilet facilities often making it a nightmare for the cricket-mad public which flocks in for every game involving the national team.
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India and Pakistan already seem to be in a contest to stage the final.
India staged the final in 1987 and Pakistan in 1996 on the previous occasions the event was held in the sub-continent.
"We will sit down and resolve it amicably, we don't want a public debate," BCCI vice-president Inderjit Bindra said.
India will stage 22 matches, Pakistan 14, Sri Lanka nine and Bangladesh six.
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