Reliance partners with BLAST to enter India's esports market

Reliance Industries (BSE: RELIANCE), through its RISE Worldwide subsidiary, has announced a strategic partnership with BLAST Esports to establish a joint venture targeting the burgeoning esports market in India. The partnership aims to leverage BLAST's expertise in esports media production and tournament organization, coupled with RISE's market reach and Jio's technology infrastructure. India's gaming market is projected to reach USD 9.2 Bn by 2029, and the global esports market is projected to reach USD 16.7 Bn by 2033. The joint venture intends to create and operate market-leading esports IPs in India. Reliance believes this partnership will help India's esports industry realize its full potential.