Promote SPVs with government participation to develop sports in India – TS-E&Y Report

Sept. 27, 2011 - PRLog -- Promote SPVs with government participation to develop sports in India – TS-E&Y Report
TransStadia-Earnst& Young research report on ‘Institutional Framework for Development in Sports – 2011’, presented at 2nd India International Sports Summit in Mumbai

Mumbai, September, 2011: The role of government in development of sports is inevitable as sports is a state subject in India, opines the ‘Institutional Framework to Development in Sports – 2011’, research report, compiled by TransStadia Private Limited and Earnst& Young. The report was presented at the 2nd India International Sports Summit in Mumbai on Saturday.
According to the report, it is high time the state governments begin looking at developing sports infrastructure with a fresh perspective. “Firstly, it should be ensured that utilization rate for each of the sports complexes and stadia in the state reach at least 75% throughout the year. In the absence of such utilization, no new development should be permitted,” recommends the report. It further states that it would require shift in policies, especially the building bye-laws in regard to allowing non-sports activities in a sports facility. This would also ensure that due diligence is carried out in identifying suitable sites for building such infrastructure.
The second recommendation of the research is that the sports infrastructure development in urban areas should be associated with tying in development of sports facility in adjoining rural areas to ensure development is not focused around a few centres. State governments need to plan availability of infrastructure to maximum communities and citizens. Further, talent scouts must be engaged in these facilities to spot and identify talent. Such individuals must be then encouraged and put through an elite training program at best-in class infrastructure, developed at a few key locations in the state or even the centre.
Mr Udit Sheth, MD& CEO, TransStadia, while unveiling the report at India International Sports Summit – 2011, said, “The government needs toencourageprivate investment in sports facility development to fast track growth of the industry. With such facilities we can have uniform talent development and competitions. Therefore, government needs to give this infrastructure status to enable better financing options.
Guru Malladi, Partner, Partner, advisory services at audit and consulting firm Ernst & Young said, “Excess to modern and efficiently run sporting infrastructure is the basic requirement not only for honing our athletes’ talent at the international level but for identifying fresh talent as well. The appropriate infrastructure for all, optimal institutional framework and suitable policy amendments to address this need.”


The report has also recommended that in regard to the Central Government’s support, steps taken in this direction by the state governments should feature among the criteria for Central Government to award rights to host India’s national games.


Please read more at: www.transstadia.com; www.t-box.co.in;www.iiss.co.in



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