Concept:
\[
\boxed{1^\circ\text{ longitude}=4\text{ minutes}}
\]
Time increases towards the east and decreases towards the west.
Step 1: Find the longitude difference.
\[
30^\circ E \text{ to } 20^\circ W
=30^\circ+20^\circ
=50^\circ.
\]
Step 2: Convert longitude difference into time.
\[
50\times4=200\text{ minutes}
=3\text{ hours }20\text{ minutes}.
\]
Step 3: Calculate the required time.
Since \(20^\circ\) W lies west of \(30^\circ\) E, its local time is earlier.
\[
2{:}00\text{ pm}-3\text{ h }20\text{ min}
=10{:}40\text{ am}.
\]
Step 4: Final conclusion.
Hence, the required time is
\[
\boxed{10.40\text{ am}.}
\]