Indorama Corporation is a Singapore-based conglomerate that began as Indorama Synthetics in Indonesia in 1975. Polyethylene, polypropylene, polyester fiber, Spandex filament, spun yarns, textiles, and other items are produced by this company. It is a prominent manufacturer of polyolefin and has a presence in various countries.
The All India Chess Federation (AICF) has partnered with Indorama, one of Asia’s major chemical holding firms, to co-sponsor the Indian team in the 44th Chess Olympiad, which will be held in Chennai from July 28 to August 10.
For the first time, the Indian team has found success, along with the Tamil Nadu government granting a Rs 1 crore sponsorship and co-sponsors State Bank of India and Indorama, Asia’s biggest chemical holding company, both pledging Rs 50 lakhs to the squad. They are thrilled to have Indorama as a co-sponsor for the Indian team squad. For them, hosting the Chess Olympiad is a dream come true, and receiving sponsorship would aid them in making it a memorable event.
According to AICF Secretary Bharat Singh Chauhan, it’s excellent to see chess receiving business sponsorship, which promotes and reinforces the sport’s growth in India.
Indorama Corporation, located in Singapore, was founded in 1975 with social responsibility, service, and safety as a core value. It now employs over 19,000 people across the world. The firm plans to work with Indian chess in various ways and contribute to the country’s chess growth.
According to Aarti Lohia, spokesman for Indorama, they have been sponsoring chess in the UK, but as Indians, we want to support and develop the game in our nation. As a co-sponsors, Indorama is thrilled to be a part of the Indian teams’ trip to the Chess Olympiad.
He was adamant that young players profit financially from playing chess since this is critical to raising the game’s profile in India. They believe this is a beginning step toward creating a long and beneficial partnership.
According to Dr. Sanjay Kapoor, President of AICF, around 75% of the sponsored cash will go to the players, with the remaining funds going for coaching camps and player kits. The AICF has announced a 20-member Indian squad to compete in the renowned tournament, which will be held for the first time in India.
In both the open and women’s divisions, India will send two teams. The players recently attended their first coaching camp in Chennai, which was led by Viswanathan Anand and Boris Gelfand.