Rural Electrification Corp. partners with BFI to improve Indian boxing, vows to invest Rs. 30 crore
Days after India took a rapid strike in the boxing world as it jumped to third spot in the International Boxing Association’s latest world ranking, leading Maharatna company under the Ministry of Power, Rural Electrification Corporation has decided to invest Rs. 30 crores over the period of three year with an aim to develop boxing ecosystem in the rural India.
As per the support agreement, Boxing Federation of India will be utilising the funds to conduct an international training camp in New Delhi from March 3 to 12 ahead of the upcoming 2023 IBA Women’s World Boxing Championships.
“We are delighted to have REC as a major stakeholder in our mission to develop Indian boxing and take the game to newer heights. REC’s commitment towards nation-building constitutes their core value and this is no different to BFI’s vision and goal of transforming India into a boxing powerhouse globally,” BFI Vice President and Head of Marketing Debojo Maharshi.
REC aims to provide support in conducting international camps for national boxers across all age categories and will also contribute in grassroots development by empowering state-level academies.
The deal will also promote coaches to shape the future of Indian boxing, escalation of grassroot progress by nurturing young boxers and by offering scholarships to individual talents across all age groups.
Meanwhile, Indian boxing has surpassed top-boxing powerhouses like Cuba (4th) and USA (9th) in terms of rankings, and only behind Kazakhstan (48100) and Uzbekistan (37600).