22 December 2016 Current Affairs: With over 10 months to go for the launch of FIFA Under-17 World Cup India 2017, the Bank of Baroda7 has become the first Indian company to sign up as a national supporter.
The first ever FIFA event in India, scheduled to kick start in October 2017 will see participation from 24 countries and matches will be played at six different venues.
While FIFA already has international sponsors for all events, including Coca-Cola, Adidas, and Wanda, BOB is the first Indian supporter.
This will be FIFA's single largest investment in India, for development for the game. The way FIFA works, it makes the central government, state governments and the association commit for the promotion of sports. In total, Rs 400 crore will be spent easily for football over the next year.
Bank of Baroda is an Indian state-owned banking and financial services company headquartered in Vadodara in Gujarat, India.It is the second largest bank in India, next to State Bank Of India.