Reliance, the most valued corporation in India, said that as part of long-term cooperation with the Indian Olympic Association, it would sponsor the nation's athletes in significant multi-sport competitions (IOA).
Reliance, the most valued company in India, said that as part of a long-term collaboration with the Indian Olympic Association, it would sponsor the nation's athletes in significant multi-sport competitions (IOA). The second-most populated country in the world backs at its Olympic record. The nation of 1.35 billion people's best Olympic performance came at the Tokyo Games last year, where its delegation brought home seven medals.
In accordance with the agreement, the conglomerate, headed by billionaire Mukesh Ambani, would take the lead role as the IOA's primary partner and aid in the preparation of the national sports federations and athletes for occasions like the Olympics, Asian Games, and Commonwealth Games. The corporation stated in a statement that the alliance "aspires to host the Olympic Games in the future."
Nita Ambani, a director at Reliance and Mukesh Ambani's wife, is the head of the oil-to-telecoms conglomerate's foundation and a member of the International Olympic Committee (IOC), which oversees the Olympics internationally. Our goal is to see India dominate the world of sports, she remarked. "In addition, we are thrilled to host the inaugural India House at the 2024 Olympic Games in Paris. It will be a fantastic chance to display the world India's enormous talent, potential, and aspirations."
Most countries competing at the Olympics have a hospitality "house" where they promote their nation and host celebrations for winning athletes. This makes it a popular destination for travelling supporters. Due to a pandemic in China, the Asian Games in Hangzhou this year have been postponed to 2023. On Thursday, the Commonwealth Games will begin in Glasgow.
Mumbai, the hub of Indian business, was chosen this year to host the IOC session in 2023. However, if the national organisation fails to hold scheduled elections in the upcoming weeks, the IOA faces the danger of a ban from the IOC due to governance-related issues.