Goenka Group goes for Rs. 500-cr complex

    Integrated Sports Complex
    To boost the West Bengal sports, the RP-Sanjiv Goenka Group has planned to build an integrated sports complex in Kolkata at an investment worth Rs. 500cr. The proposed sports stadium, which will also house a football academy, hotel, and allied hostel facilities on a land parcel of about 50 acres and the land for the project has already been identified, Chairman, Sanjiv Goenka said. The project will be executed by the RP-Sanjiv Goenka Group, but it will seek managerial partners for the 120-room hotel. Funds will be sourced internally, with a part of the money coming from the group's corporate social responsibility fund. After attaining requisite approvals, the football academy will be built in 12 months. The group owns the Pune franchise in the Indian Premier League (IPL) and also has stakes in Atletico de Kolkata, a football team in the Indian Super League and the group is considering entering other sports as well, he added.
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