TRANSSTADIA ASPIRES A PARADIGM SHIFT IN INDIA’S SPORTING ECOSYSTEM
- Unveils phase I of 300 cr investment to build world class multipurpose stadium in Gujarat –
- Launches India International Sports Summit, an annual premium sporting conclave to boost sports in India
A revolutionary concept is set to change the way sport is managed and developed in India. TransStadia, a company championing the cause of sports development through sporting infrastructure was launched today in Mumbai. An integral member of the multinational Setco Group, TransStadia’s prime objective is to facilitate a paradigm change in the sports eco-system by placing India amongst the global league of sporting nations. As a part of its objective to revolutionize sports in the country through world class multi-purpose sporting infrastructure, the dynamic company backed with a robust plan has already announced its first venture to build the world’s first truly state of the art multi-purpose stadium in Ahmedabad city, Gujarat, with an total investment plan of approximately Rs. 300 Crores. The facility will incorporate a 25000 seater stadium built to world-class standards.
Introducing TransStadia, Udit Sheth, CEO – TransStadia said, “It is a moment of pride for all of us here at TransStadia. It’s a dream come true as we launch this unique project n the field of Sports and Entertainment. TransStadia will act as a catalyst in the government efforts to create a paradigm shift in sports. We aspire to build a young and vibrant nation; instill the highest qualities of leadership, and ensure that as a team with the various stakeholders of the sporting eco-system we work towards a common goal”.
TransStadia has an exclusive technology licensing agreement for All India and South Asia region with StadiArena from UK to build convertible multi-purpose stadiums with state-of-the-art patented technology. The company will design, build and operate world-class stadia with multiple facilities. The patented convertible stadium technology facilitates hosting multiple sports and live entertainment in a stadium. “By sweating the infrastructure asset to its maximum we will increase a stadium’s capacity utilization which is a must in any project.” added Udit Sheth.
In order to give a further fillip towards development of sports TransStadia will be hosting ‘India International Sports Summit™ 2010’ that aims to provide a platform for leading
Personalities of India and across the world from sports, government, federations, media and corporate industry to discuss, debate and identify the need-gap of the sporting eco-system and the plausible solutions towards making India a leader in the world of sports.
Eminent personalities from all walks of life – sport, media, business, education, culture and entertainment came together to lend their support for the launch of TransStadia and the India International Sports Summit. These included a variety of acclaimed Olympians, medalists and Arjuna Awardees such as Olympian medal winner and boxing champion Vijender Singh; India's No. 1 squash player Ritwik Bhattacharya; British heptathlete and Olympic Gold winner for Javelin Tessa Sanderson; former Hockey captain and Olympic Gold winner MM Somaya; Member of Parliament Priya Dutt; renowned Sports Journalist and Editor-at-large of DNA Ayaz Memon; and Olympian and Acting President of Athletic Federation of India Adille Sumariwalla were among some of the other noted dignitaries present.
“Our strong business model focuses on development of sports and community development through sporting infrastructure” said Chairman of TransStadia Harish Sheth. In addition to developing sports culture in rural and urban youth, TransStadia will also focus on building world class sportsmen and artists.
“This is the paradigm shift our nation needs which will take India to the world” Udit Sheth concluded affirming his belief in making this dream into reality.
