After the cancellation of the 2022 Moscow Olympiad, FIDE have requested bids from other federations. At this stage it appears India have submitted a bid, but there is still a few days left for other federations to bid. I have heard (third hand I think), that at least 2 European federations are considering bids, while a suggested Middle East bid may not be feasible due to the short notice.
Although I am pretty sure that the FIDE Federations won't be part of the decision (due to the urgency of finding a venue), India would at least make travel quicker and cheaper. And based on comments I heard at a conference I attended this evening, the Asian Chess Federation (and countries) would strongly support such a bid.
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