All India Chess Federation (AICF) president Sanjay Kapoor said the federation is also working on organising an Indian Chess League.
Erigaisi is currently in fifth place after eight rounds.
Giving prominence to experience over youthful exuberance, five-time world champion Viswanathan Anand feels the three Indian participants remain far from winning the Candidates chess title, saying they "should first settle into the tournament."
Young Indian Grandmaster R Praggnanandhaa on Friday called for a robust financial backing for chess, debunking the common concept that players require minimal monetary support to train and excel in the sport.
Esports to breakdancing, Hangzhou will set the trend for future of sport
Rameshbabu Praggnanandhaa lost to World Champion Ding Liren in the Armageddon tie-breaker after the two played out a draw under normal time control in the second round.
Vidit Gujrathi crashed through the defences of Hans Moke Niemann of the United States to join the leaders' pack on 4.5 points.
India will be fielding three teams each in the Open and women's sections respectively.
Although he noted that the game of chess has changed in recent times, he was willing to offer advice to the new generation.
The Indian teams made winning starts in the Open and women's sections of the 44th Chess Olympiad in Chennai on Friday.
R Praggnanandhaa's ability to defend seamlessly in pressure situations and the deductive mind to quickly gauge his opponent's weakness is the hallmark of a world class player, national coach GM M Shyam Sundar said on Tuesday.
In the women's event, India's D Harika drew with Nino Bastiashvili (Georgia) to move up to four points. She is in joint third place with six others.
In the women's event, the country's top player Koneru Humpy has 3.5 points with two wins and three draws after five rounds as does R Vaishali who has scored three victories to go with a draw apart from a loss.
Sankalp Gupta becomes India's 71st GM.
The Indian women's chess team etched their names in history by securing their maiden Chess Olympiad title, defeating Azerbaijan in a decisive 3.5-0.5 victory in Budapest.
An "embarrassed" All India Chess Federation (AICF) has filed a police complaint after a Chess Olympiad trophy its team won in the last edition of the tournament at home went missing from its office, forcing the sports body to arrange for a replica of the prized possession and tender an apology.
India 'B' blanked Estonia 4-0 in the second round of the Open section in the 44th Chess Olympiad in Mamallapuram, Chennai, on Saturday while the second-seeded India 'A' team defeated Moldova 3.5-0.5 to make it two wins from as many matches.
Apart from a place in the Candidates to be played in April next year in Canada, Vaishali got richer by US$25000 (Over Rs 20 Lakhs) while Vidit took home a whopping prize purse of US$80000 (Over Rs 66 Lakhs).
After six draws in a row, Praggnanandhaa was relieved after the victory, a result of Gupta's blunder under time pressure.
'Today, let us reaffirm our commitment to strive to realise Gandhiji's dreams. His watchwords, truth and nonviolence, will continue to remain relevant for the whole world. He also taught us that rights and duties are but the two sides of the coin - indeed, the true source of rights is duty. Today we recall his lessons in compassion too - compassion not only for our human neighbours but also for our other neighbours, namely, flora and fauna, rivers and mountains.'
While Vaishali got the better of Ukraine's Inna Gopanenko in round eight, Rout defeated Russia's Baira Kovanova.
It has bolstered the home team's medal chances at the 14-day event, which is expected to see massive participation from more than 150 countries.
Meanwhile in the women's event, Padmini Rout and R Vaishali joined compatriot Bhakti Kulkarni in the second round.
Grandmaster Vidit Gujrathi on Tuesday said "everything came together" for him at the Grand Swiss event on his way to the Candidates.
Indian GM S L Narayanan finishes second in chess tourney in Armenia
Anand firmly believes that India has enough talent to produce the next Chess World Champion
Indian players experienced mixed fortunes in the second round of the FIDE Grand Swiss chess tournament here with two each in the men's and women's sections registering victories.
Finance Minister Nirmala Sitharaman commended the outstanding performance of chess prodigy Praggnanandhaa
Legendary Indian chess player Viswanathan Anand has joined hands with WestBridge Capital to launch an academy, through which the five-time world champion will train youngsters.
India's Dronavalli Harika defeated former world champion Antoaneta Stefanova of Bulgaria in the third round of the FIDE Grand Swiss chess tournament in Riga to grab a share of the lead.
Indian chess legend Viswanathan Anand has also expressed his willingness to partner the company in helping the youngsters.
14 young Indian chess players including D Gukesh, the world's second youngest Grand Master, and R Praggnanandhaa will be coached by former World champion Vladimir Kramnik at a 10-day camp, in Chennai, from January 8. The camp, the second organised by Microsense, will also see Boris Gelfand, a former World title challenger, impart training to the Indian players.
'It will be special. Looking forward to going to a world championship match without the tension of playing. I am a chess fan too and hope it will be a good match'
Rameshbabu Praggnanandhaa has charted his own path to glory and is closer to greatness than ever.
Young Indian Grand Master R Praggnanandhaa pulled off a huge upset as he outclassed former world champion Veselin Topalov in the sixth round of the 18th Gibraltar chess festival to record his fifth straight win, in Gibraltar. The 14-year old Chennai lad needed just 33 moves to put it across the Bulgarian. He had started with a loss against compatriot P V Nandhidhaa but since then he has been on a winning spree.
With the Indian teams doing well so far, they can run into one another in the competition.
The team of Chingari Gulf Titans stunned Mumba Masters by 12:3, while SG Alpine Warriors were upstaged by Triveni Continental Kings
The second day of the Tech Mahindra Global Chess League witnessed the debut of Magnus Carlsen, the strongest chess player in the world. C
Vaishali, sister of the Indian chess prodigy and GM R Praggnanandhaa, scored impressive victories over Mariya Muzychuk (Ukraine) and Russia's Valentina Gunina on the opening day of the Blitz championship.
Following is the schedule of Indian contingent on day six of the Asian Games:
