According to a couple of articles I came across, The India Wrestling League is scheduled to begin in November of this year. It will consist of six franchises, have both men and women and be competed under the Freestyle rules. The bulk of the competitors will be from India, but International wrestlers from Japan and Kazakhstan are also reported to be confirmed for the first season Former World Champion, and two time Olympic Medalist Sushil Kumar is on board for the league, and it also has the support of a Bollywood star named Akshay Kumar. It will be interesting to see if this is a sustainable model that can grow, or if it will go the way of Real Pro Wrestling in the United States and flame out quickly.
Sushil Kumar also had this quote about the effort to get wrestling back on the Olympic program past 2016 "The IOC has sent letters to 175 wrestling bodies across the world asking them to tone down their protests (against the sport's exclusion from the 2020 Olympics). They have also assured the national wrestling bodies that wrestling will be brought back."
"If you have noticed, the protests from wrestlers have reduced drastically of late. There will be another meeting held soon. I think wrestling will be brought back in that meeting," said Kumar
- A lot of US wrestling sources have been in the news over the last few weeks (Tommy Rowlands, Cael Sanderson), speaking about the fight to save Olympic wrestling. and nobody has made any mention of a letter from the IOC asking them to back off... so this is probably an exaggeration
On another note, I'm thinking that UFC will hate the IWL: Lorenzo Fertitta mentioned that he talked with some of the top wrestlers in India while he was there about getting into MMA, and had received positive response. These elite wrestlers would certainly be the guys that UFC was counting on to emerge onto the scene in India. The IWL will now provide them with an outlet to make money, while continuing wrestling. I don't think it will really hurt MMA in India in the long run, but it will probably just take a little longer as some of the elite wrestlers from the country pass.
In parting it is worth noting that in one of the articles Kumar was interviewed while attending a Super Fight League event... and he had the following quote "I will advise anyone, who is unsuccessful in wrestling or boxing to consider MMA as it is a good career option"