Sports Ministry signs MoUs with NTPC, REC; 2 PSUs pledge Rs 215 crore to NSDF
NTPC has been supporting the archers since 2018 in partnership with Sports Ministry, Sports Authority of India (SAI) and Archery Association of India (AAI) with an aim to provide world class facilities with international exposure to the talented players.
The signing of the MoUs was attended by Sports Minister Anurag Thakur.(FILE) The Sports Ministry on Wednesday signed Memorandum of Understandings (MoU) with the country’s largest energy conglomerate NTPC and Rural Electrification Corporation with the two PSUs pledging Rs 215 crore to the National Sports Development Fund (NSDF).
While NTPC will provide Rs 115 crore for the development of Archery, REC will give Rs 100 crore towards women’s hockey and boxing. The signing of the MoUs was attended by Sports Minister Anurag Thakur, Power and New & Renewable Energy Minister RK Singh, NTPC CMD Gurdeep Singh and REC CMD Vivek Kumar among others.
NTPC has been supporting the archers since 2018 in partnership with Sports Ministry, Sports Authority of India (SAI) and Archery Association of India (AAI) with an aim to provide world class facilities with international exposure to the talented players. Under its CSR initiative, NTPC has committed Rs 115 crore in five years for development of archery. Out of the total Rs 115 crore, Rs 15 crore will be incurred as a one-time expenditure towards preparations of field targets, setting up of training centres and equipment like bow and arrow.
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