Categories: Business

IPL is a big blow for self-reliant India, CAIT raises questions on sponsoring Chinese-invested companies

Photo: WIKIPEDIA

IPL a blow to Aatmanirbhar Bharat call, says CAIT

Noida. The Confederation of All India Traders (CAT), an association of retail traders, has called the Indian Premier League (IPL) competition organized by the Board of Control for Cricket in India (BCCI) a major setback for the self-sufficient India and Vocal for Local campaign. Referring to the investment of Chinese companies in the IPL, the organization said that the event was a major blow to the call for self-reliant India.

Kat said in a statement that the Dream 11 company is the title sponsor of the IPL and co-sponsor of five teams. The company is invested by Chinese company Tencent Global. The organization said that Bayju, a company invested by Tencent Global, is a sponsor of the Indian cricket team. Similarly, Paytm, an Alibaba-invested company, is the title sponsor of the Indian cricket team and a co-sponsor of the Delhi Capitals.

Zomato, another Alibaba-invested company, is a co-sponsor of Royal Challengers and a food delivery partner of other IPL teams. Apart from all this, Swiggy, a company invested by Tencent Global, is a co-sponsor of IPL. CAT appealed to the Government of India to evaluate the situation. Kat claims that she has been associated with 40,000 trade associations and 70 million merchants across the country.

This post was published on August 22, 2020 4:00 pm

Content Team

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