Sports | Steel firm Monnet to sponsor Indian boxers

Sports | Steel firm Monnet to sponsor Indian boxers
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First Published: Sun, Apr 18 2010. 09 23 PM IST
Updated: Sun, Apr 18 2010. 09 23 PM IST
New Delhi: The Indian Boxing Federation (IBF) announced on Saturday that steel manufacturer Monnet Ispat and Energy Ltd, a part of the Monnet group, has signed a $1 million (Rs4.45 crore) deal to become the Indian boxing team’s kit and title sponsor.
IBF is the apex body of the sport in the country, and the deal will last for the next three years, including the 2012 London Olympic Games. The announcement was made at the launch of a series of ‘Fight Nights’, exhibition boxing bouts between Indian and international boxers organized by event management firm Percept Ltd.
“This was just the right boost that we needed to help make our boxers among the best in the world,” IBF president Abhay Singh Chautala said.
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First Published: Sun, Apr 18 2010. 09 23 PM IST