NEW DELHI. The Sports Authority of India (SAI) and Indian Oil Corporation Limited have signed a Memorandum of Understanding (MoU) to promote boxing in India. Under the agreement, Indian Oil will provide ₹40 crore over two years to support talent identification and athlete development.
The funding will support coaching, sports science, international exposure, strengthening boxing academies, and training for coaches, referees and technical officials. The partnership will also provide boxers with better training facilities and opportunities to compete at national and international levels.
Union Sports Minister Mansukh Mandaviya highlighted the importance of corporate participation in sports development through Corporate Social Responsibility (CSR) initiatives. The partnership aims to strengthen India’s boxing ecosystem and build on the country’s recent achievements at the Asian Games.
