Govt cautious about PSUs sponsoring CW Games

Govt cautious about PSUs sponsoring CW Games

New Delhi: The department of public enterprises on Wednesday said it is in talks with the sports ministry whether the upcoming Commonwealth Games would need monetary support from public sector enterprises.

“We are cautious as to whether the CWG already has enough money from the government or not. If it has enough money, do they need PSUs’ money at this stage or not," secretary in the department of public enterprises (DPE) Bhaskar Chatterjee said.

The Commonwealth Games are scheduled for October this year.

The secretary was talking to reporters on the sidelines of a standing conference on public enterprises function.

The DPE is in discussions with the sports ministry on the issue, he said.

At present, the DPE is not asking any PSU to contribute over and above what has already been committed.

Chatterjee’s comments come on the heels of his department asking PSUs last month to contribute to the games.

In fact, the Railways has already committed Rs200 crore for the games.

NTPC and Central Bank of India have also paid for a sponsorship of 50 crore each.

Air India, the official carrier of the games, has chipped in with tickets for officials and players as part of its contribution to the event. Besides, it has also offered to provide two chartered flights for it.

The CWG was given a revised budget of Rs1,620 crore by the Central government as a loan on an understanding that the organising committee would repay the amount after it realises it through sponsorships and sale of TV rights.