MUMBAI, June 18 -- World Table Tennis (WTT), the commercial wing of Switzerland-based International Table Tennis Federation (ITTF), has launched a dedicated Indian subsidiary, WTT Event Management India Pvt. Ltd., backed by a $3-5 million investment pledge over the next 2-3 years.

The move aims to transform India into a global table tennis hub, with entrepreneur Vita Dani, founder of Ultimate Table Tennis (UTT) and chairperson of 11Sports, joining the board as a stakeholder and strategic partner, and top Indian paddler Achanta Sharath Kamal coming in as ambassador of the new venture.

"India is the most populous country in the world and an important strategic market for us," Steve Dainton, chief executive of WTT, told Mint. "With momentu...