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The G20 officers' meet will take place in eco-friendly settings.
More than 55 delegates from G20 countries, guest countries, and invited organisations such as UNICEF are participating in the three-day event which began on Wednesday.
Kumarakom had previously witnessed similar developmental activities back in the year in 2000, when the then Prime Minister Atal Bihari Vajpayee visited the tourist spot.
Blinken, Lavrov speak amid war of words over Ukraine at G20 meet.
In his video message at the meeting, Modi also invoked Mahatma Gandhi and Buddha to urge the delegates to draw inspiration from India's civilisational ethos and focus not on what divides us, but on what unites us.
India said it wants a collective global effort to deal with problems posed by cryptocurrencies such as bitcoin, and the finance ministry said it had held a seminar for G20 member states to discuss how to come up with a common framework.
The presidency has attracted particular interest given India's close ties with both the United States and Russia, from which it has significantly increased imports of oil since the war in Ukraine began nearly a year ago.
Economic empowerment of women is one opportunity which can be transformative in achieving our vision by focusing on the above areas, said the Finance Minister.
Taking over from Indonesia, he also said the country was taking charge at a time when the world was grappling with geopolitical tensions, economic slowdown and rising food and energy prices.
The two-day summit begins on Tuesday and will be attended by US President Joe Biden and British PM Rishi Sunak among heads from 20 countries and the European Union.