Indian Oil Commits ₹40 Crore via MoU with NSDF and SAI to Boost Indian Boxing

Key facts

• The National Sports Development Fund (NSDF), Sports Authority of India (SAI), and Indian Oil Corporation signed an MoU on 13 October 2026 to strengthen boxing in India through talent identification and athlete development.
• Indian Oil will provide ₹40 crore over two years to support talent identification, athlete development, coaching, sports science, international exposure, boxing academies, and capacity building of coaches, referees and technical officials.
• The MoU follows the inclusion of sports as a dedicated thematic area under the Department of Public Enterprises' Common CSR Theme Framework.
• At the Asian Games 2026, Indian boxers won six medals, including three gold and three bronze.
• The MoU was signed in the presence of Union Sports Minister Dr. Mansukh Mandaviya, Secretary (Sports) Shri Hari Ranjan Rao, Boxing Federation of India President Ajay Singh, and Indian Oil Director (HR) Rashmi Govil.
• The National Sports Development Fund was established by the Government of India in 1998 under the Charitable Endowments Act, 1890.