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Q.Tell us about TransStadia's Pan India Business Plans?
In 2012, we had approached all states, out of which 11 states invited us for further discussions. Mr Narendra Modi, the then chief minister of Gujarat, was impressed by our proposal and extended all cooperation. Accordingly, the project in Ahmedabad has becoming a reality. In addition to Ahmedabad, the company is in discussions with the local municipal bodies to acquire land in Vadodara, Surat, Rajkot, Bhavnagar, Jamnagar and Bhuj. The company is in its final stages of discussions with two other states and has ambitious plans of developing urban sports infrastructure in all major cities. It is keen to be part of the smart city project with a focus on the sports and entertainment industry.
Q.Tell us about the uniqueness of the PPP TransStadia has signed with the Gujarat Government for setting up 7 stadia in the state?
The company has adopted the hub-and-spoke model. The stadium, spread over 10 acre, has infrastructure facilities for 16 sports. It is being developed on PPP model with a concession period of 35 years, extendable for a further 35 years, with two percent revenue sharing for sports development in the country. The project, based on vertical landscaping, has integrated urban infrastructure, ideal for 16 sports and also has space for social gatherings. It has unique seating facilities which can be adjusted as per requirements. The stage can be customised as per the requirement of the occasion.
Q.Tell us about the specialities of these stadia. How are they different from the traditional stadiums being built in India?
In India, stadiums are developed on over 40 acre, whereas the Ahmedabad stadia is utilising only 10 acre. Stadiums in India are used occasionally while the upcoming stadium in Ahmedabad is designed not only to play 16 different games but also for social gatherings.
Q.How is the overall project investment scenario in India? Is it investor conducive or do you expect more?
Our Prime Minister, Mr Narendra Modi is doing an excellent job of marketing India internationally; as a result the investment scenario is favourable. He has continued doing this by offering more job opportunities and ensuring balanced social growth.
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