India should emulate Haryana model: Saina Nehwal

August 27, 2012

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Gohana (Sonipat), August 27: Lauding Haryana government for supporting its sportspersons in the best possible way, Olympic bronze medallist Saina Nehwal said on Sunday that India can win at least 25 to 30 medals by next Olympics if other states start following the Haryana sports model.

Saina was speaking during a function organized to honour and reward the state's 19 Olympians, including the medal winners.

"Haryana government provided good facilities to its athletes to prepare for the London Olympics. If other states can follow Haryana's footsteps, I think we can win 25 to 30 medals at Rio in 2016," said Saina.

Amid mild rains on a cloudy Sunday, it was cash, land, luxury cars, LED, handicams, mobile phones, pats and congratulations that were showered on the players.

The sports enthusiasts thronged to have a glimpse of their sporting icons, who felt overwhelmed by the welcome.

Though the people were gracious enough to welcome each player, the loud cheers and thumping applause were reserved for the local hero bronze medallist Yogeshwar Dutt and his close friend silver medallist Sushil Kumar.

And the players too did not disappoint their fans. They extended warm hugs, shook hands, got their photographs clicked and gave autographs to the youngsters.

The boxers, including Vijender Kumar, Manoj Kumar and young Sumit Sangwan, were also thronged by the youngsters.

As the security personnel tried to ward off the youths who got close to Sushil while clicking photographs with his Audi, the grappler asked the staff not to do so stating that these boys are the future stars of the country who would bring adulations.



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News Network
March 22,2024

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The start of the world’s most lucrative cricket tournament in India is presenting investors with another big opportunity to cash in on the sport, months after the world’s most populous nation hosted the Cricket World Cup.

The eight-week long Indian Premier League begins March 22 for its 17th season. Since its inception, the fast-paced cricket tournament has become a corporate juggernaut to rival the National Football League in the US and the English Premier League in value.

Just as October’s Cricket World Cup boosted consumption in India for months, fans are expected to flock to restaurants, pubs and food delivery platforms over the duration of the tournament. This year’s IPL also coincides with general elections that will last for six weeks starting April 19, a period when companies are expecting higher food and drink sales as people flock to rallies and other events.

“There’s going to be a lot of spending,” said Madan Sabnavis, chief economist at Bank of Baroda. “IPL, as well as the election, gives a three-month corridor with enhanced economic activity.”

Stocks in India such as McDonald’s franchise operator Westlife Foodworld Ltd. and peer Sapphire Foods India Ltd. gained ahead of the first match on Friday, as well as hotels and beverage makers. Packaged-food companies could also stand to benefit from the IPL craze, said Sachil Bobade, an analyst at investment firm Dolat Capital Market.

The IPL ecosystem was valued at $11 billion (Rs 91,721 crores) in 2023, including the value of media rights and sponsorships, according to Indian valuation consulting firm D&P Advisory.

The league is also attracting record sums of money from sponsors and broadcasters. Conglomerate Tata Group won the title sponsorship rights of the tournament in January for a record 25 billion rupees ($300 million). Billionaire Mukesh Ambani’s media venture secured the digital streaming rights in 2022 for five years for $2.7 billion, while Walt Disney Co. paid roughly the same for TV rights.

“There was a serious amount of bidding even this year,” said Vinit Karnik, head of entertainment, esports and sports at media agency GroupM South Asia. “I see growth in IPL in double digits year-on-year,” he adds.

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