Monday 29 August 2022

Reliance Industries ties up with IOA for Olympics, Commonwealth and Asian games

  • Billionaire Mukesh Ambani-led Reliance Industries and Indian Olympic Association (IOA)  announced a long-term partnership to support Indian athletes in major multi-sport events, including the Commonwealth Games, Asian Games and the Olympics Games.
  • Furthermore, in the run-up to the Paris 2024 Olympics, India will also be hosting the 140th IOC Session in June 2023 at the newly-developed multi-level centre Jio World Centre in Mumbai. The IOC Session, which coincides with the 75th year of Independence, will highlight the role of sport in India and celebrate the contribution of India to the Olympic Movement.

What is Olympic Hospitality House?

  • Nations from across the world strengthen their Olympic Movement involvement during the Olympic Games, with the official Olympic Hospitality House that provides a vision and an understanding of the country and also serves as an avenue to engage officials, sportspeople and their families and the public. The 2024 Paris Olympics will have India’s first house.
  • At the 2016 Rio Olympics, over 50 nations had set up their country-specific Hospitality House, bringing to the games a combination of their country’s cultural and sporting history.

Key Summary:

  • Reliance Industries Limited has announced a long-term partnership with the Indian Olympic Association. 
  • The partnership aims to support the Indian athletes in major multi-sport events including Asian Games, Commonwealth Games and the Olympics.
  • Under the partnership, RIL and IOA will establish the first-ever India House at Paris Olympics 2024.

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