A majority of corporate leaders are of the view that hosting international sporting events in India will help in creating world class infrastructure in the country, according to an Assocham survey.
"Hosting of Commonwealth Games, Asian Games and the ultimate sporting event, Olympics, will help India boost its economy as world class infrastructure gets built up in the run up to these global events," Assocham Business Barometer (ABB), which surveyed 235 CEOs, revealed.
Eighty five per cent of the respondents were of the view that losing the bid for hosting Asian Games, 2014, is a lost opportunity for India not only in terms of the country's reputation but also for building physical infrastructure like stadiums, convention centres, hotels, multi-modal transport system and other civic amenities, a chamber statement said.
Sectors like cement, steel, electricity, aviation, logistics, capital goods, hospitality and tourism would have received a major boost if India had won the bid for the Asian Games, 95 per cent of the industry heads said.
A large majority of the respondents felt that these international sporting events put deadline pressure on the projects, which otherwise takes a long time in execution.
Over 92 per cent of the CEOs said the government and the sports bodies like Indian Olympics Association should work together for ensuring success of the Delhi Commonwealth Games.
Around 70 per cent of them felt concerned over tardy or lack of preparation for the Delhi games.
While, 88 per cent of the respondents said large scale projects would generate demand for unskilled labour, providing employment to people from the rural areas, it added.
"Hosting of Commonwealth Games, Asian Games and the ultimate sporting event, Olympics, will help India boost its economy as world class infrastructure gets built up in the run up to these global events," Assocham Business Barometer (ABB), which surveyed 235 CEOs, revealed.
Eighty five per cent of the respondents were of the view that losing the bid for hosting Asian Games, 2014, is a lost opportunity for India not only in terms of the country's reputation but also for building physical infrastructure like stadiums, convention centres, hotels, multi-modal transport system and other civic amenities, a chamber statement said.
Sectors like cement, steel, electricity, aviation, logistics, capital goods, hospitality and tourism would have received a major boost if India had won the bid for the Asian Games, 95 per cent of the industry heads said.
A large majority of the respondents felt that these international sporting events put deadline pressure on the projects, which otherwise takes a long time in execution.
Over 92 per cent of the CEOs said the government and the sports bodies like Indian Olympics Association should work together for ensuring success of the Delhi Commonwealth Games.
Around 70 per cent of them felt concerned over tardy or lack of preparation for the Delhi games.
While, 88 per cent of the respondents said large scale projects would generate demand for unskilled labour, providing employment to people from the rural areas, it added.