Sports activities Desk, Amar Ujala, New Delhi
Up to date Thu, 18 Jun 2020 09:50 PM IST
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Yearly, the corporate will get Rs 440 crore from sponsorship from Chinese language firm Vivo. Vivo had gained the contract for 5 years for Rs 2199 crore in 2018, which can finish in 2022.
It’s essential to say right here that the title sponsor of the Indian Premier League is Chinese language smartphone firm Vivo. Not solely this, the corporate additionally advertises probably the most through the event. Treasurer Arun Dhumal mentioned that we get Rs 440 crore yearly by sponsorship from Vivo and our settlement with the corporate is until 2022, solely after that the sponsorship shall be reviewed.
BCCI pays 42% tax to Authorities of India
Talking to information company PTI, the treasurer of the world’s richest cricket board says, “If you discuss emotionally, you allow the argument behind. Now we have to know whether or not we’re speaking concerning the cooperation of the Chinese language firm for the advantage of China or searching for assist from the Chinese language firm for the curiosity of India. After we permit Chinese language firms in India to promote their merchandise, no matter cash they’re taking from the Indian shopper, a few of it’s giving model promotion to BCCI and the board is paying 42 p.c tax to the Indian authorities. India is benefiting from this, not China.
OPPO was the sponsor of Group India earlier than Byju
VIVO sponsored Group India in Jersey
– Photograph: Social Media
Till September final 12 months, Chinese language cell firm Oppo was the sponsor of the Indian staff, however after that the Bangalore-based academic start-up Biju changed the Chinese language firm. Dhumal mentioned that he’s in favor of decreasing dependence on Chinese language merchandise, however so long as he’s allowed to do enterprise in India, there may be nothing fallacious in sponsoring Indian manufacturers like IPL.