Over 285 participants from 39 counties are participating in the fifth edition of the event.
"Out of eight important religious places related to Budhhism, seven lies in India. Prime Minister Narendra Modi has accorded a top priority to Buddhism...It is reflected from the participation of more than 285 people from 39 countries in this conclave.
It is remarkable and means a lot to us," Sharma said while addressing the conclave.
Indicating at various conflicts that the world is facing, he said, "Solution of all the problems that the world is facing lies in Budhdism".
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Tourism Ministry is organising the fifth edition of the conclave with a view to showcase Buddhist heritage and pilgrimage sites in the country to attract tourists from overseas country.
ASEAN countries are a major source places for India from Buddhist tourism point of view. A large number of monks and mediapersons from these countries are participating in the conclave.
The Conclave would include presentations, panel discussions, business-to-business meetings between domestic and international tour operators and state governments.
Indian government has sanctioned about Rs 300 crore for development of Bhuddhist circuit which includes Rs 94 for construction of a cultural centre at Bodhgaya in Bihar.
Other Buddhists sites are located at Madhya Pradesh and Uttar Pradesh.
India, the birthplace of Buddhism, has a very rich Buddhist Heritage with several important sites associated with the life of Buddha which are essential pilgrimage centresfor followers of the religion the world over.