I am making a Public Appeal to Indian Racing Industry as a whole. Stud Farm Owners, Breeders, Trainers, Jockeys, Existing Race Horse Owners Big and Small Players New, Old everyone, Turf Club Officials. Based on My Research in Pedigree of Thoroughbreds for last 28 years, My Experiance as an owner,breeder in India and owner in UAE it is possible for an Indian Bred Race Horse to win Dubai Sheema Classic in Next 4-5 years. Collectively if proper efforts are made to export and race Indian Race Horses it is possible to win Graded Races abroad in Middle East for sure. plenty of people have doubts but I have consistently shown my expertise. Yesterday 2 Races UAE Derby and Dubai Sheema Classic I have been to the mark and practically given the picture the race will unfold and has happened. Please note more than my selections winners or placers who have been long shots in an international field, The horses who are well performed and given by most of tipsters world over have not been considered at all. I hope at least now Indian Racing Industry will consider me a pedigree knowledgable person.
Syndicate Racing is norm world over and Middle Class is considering horse as an Investment asset in USA, UK, Hong Kong. unfortunately in Indian Turf Clubs to enter in Members Enclosure is only for previleged class forgot about owning a race horse.My earlier attempt to promote syndicate racing in corporate structre has failed.
Public Auction is the only mode in most of the advanced countries, In India auction is for name sake only. GST Evasion, illegal betting are the evils of Indian Racing. If Indian Racing industry does not want and not ready to change then I will make a Public Appeal to honorable Prime Mister and Finance Minister to close down racing industry. I had posted my selections on Linkedin, and in another public forums well in advance.
Ravi Gowande
Pedigreestar
6 Replies
Vijay Krishna 005 said ...
02-Apr-2024
In 2022-23 we conducted about 2000 races, Compare that with England which produces around 4500 foals annually and conducts a little over 6,000 races each year.
Lesser number of foals means lesser number of races. That is a crisis which needs immediate attention.
Covid alone cannot explain how our foal crop today is only in three figures from an all-time high of 1902 foals in 2011.
courtesy Major Nargolkar (Indiarace.com)
Shiva89 said ...
01-Apr-2024
Bet365 app was good for bet uk , USA and UAE but this application not having permission to operate in India, have any suggestions will itcome back or its stopped Indian market.
Sinndaar said ...
01-Apr-2024
Gowande ji .
The illegal betting is flourishing because the taxes are too high in India . While placing a bet you have to pay 28% GST and while recieving the pay out TDS is deducted . At this rate of tax loot . the survival of not only racing industry is difficult but other industries and busnissess are also suffering .the Govt is purely responsile for this mess & not the industry .Imagine selling a item for Rs 100/- and paying Rs 28 as GST , what is the profit left after deducting the capital, if no or meagre profit is earned , then why to continue business . The smuggling of Gold in the 1970-80 was because import duty was high , as the duty was reduced so smuggling finished. I am glad that you have an approach to the PM & FM , kindly not only convey them but also convince them the benefits of low taxasation , so that all illegal betting will be eliminated , Govt tax collection will boom and all industries (racing or any other ) will flourish.
Hope your sincere efforts may bear fruit and taxes be reduced..
Benjamin Samuel said ...
31-Mar-2024
Mr. Dass is right. Why not think of making a joint representation for bringing down the level of GST. Horse racing is probably the only legal gambling where results cannot be computerized. It is a flourishing industry but considered taboo by the ruling dispensation. Joint efforts should be made for growth of this sport which is considered the King of Sports
Ravi Gowande said ...
31-Mar-2024
illegal betting is flourshied or supported by turf clubs only, has been the practice earlier. Second unless and until breeders pay GST on actuals governement will not support. Every year 1000-1100 horses produced with
12 % GST on sale if you check the figures with GST department I doubt true value GST is paid. Racing industry is similar to textile industry.plenty of cash compoenent but they settled on 5 % GST after lot of follow up and collective representation with Governemnt. Turf Clubs dont have collective policy only. If Industry complies Governemnt will support reduction in GST. I guarentee you.
Ravi Gowande
Pedigreestar
C. R. Dass said ...
31-Mar-2024
Respected Ravi Gowde sir, ask government reduce gst automatically illegal betting and sale close. Government revenue increase more than 10 folds. Racing industry flourish .