Role of Sports in Economic Development Conference

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This event primarily focuses on the contribution of sports to the socio-economic development of the society. The idea behind the event is to bring out the various issues related with this topic.

The event targets the sports industry of the region giving an opportunity for the professionals associated with it to discuss the economic role of sports. Sports today can also be a vital medium to improve the bilateral relations between the two countries therefore contributing to a prosperous relationship which is beneficial to both the countries in many ways. Sports today are an icon of a countries prestige. Sports are an effective social catalyst for youth and a stimulus to social improvement. Investment in sports of the region pays as the youth become a productive entity of the society with winning attitudes and spirit of team work. Sports have a large potential in economic activity also contributing to generation of jobs.

The event will be discussing how sports contribute to the economic development, Cities invest public funds to either retain or lure sports franchises for their revenue-generating capabilities; when a high profile sports event is being hosted it leads to building up of first class sports facilities, sports talent, resources for sporting events, invigorate the sports market and sports consumption. Contributing to revenue generation from sources like corporate sponsorships, premium/luxury seating, upscale restaurants, concessions and advertising sales.

The well-developed physical fitness and amusement industry, sports training industry, sports exhibition industry and sports medium industry will become important component parts of the modern service industry, and also enrich and expand economic functions and promote the adjustment, optimization and upgrading of the economic structure.