Sports infra to get ‘industry’ status: Secy Rajiv Yadav
In a bid to scale up the availability and accessibility of sporting facilities the government has decided to confer ‘industry’ status to sports infrastructure. The move has been hailed by sporting community and administrators as it will enable corporates to avail of concessional finance for creation of sports infrastructure at par with international standards.
This was disclosed here on Monday by Secretary Sports, Rajiv Yadav while addressing ‘Turf 2015-16’, the seventh edition Global Sports Summit, organised by the Federation of Indian Chambers of Commerce and Industry (Ficci) with the support of the Ministry of Youth Affairs and Sports. Yadav said that there was a dire need to increase the budgetary support to the sports ministry to enable it to enhance the allocation of funds.