Chinese sponsorship in IPL helping Indian economy, not other way round: BCCI treasurer
By: PTI | New Delhi |

Updated: June 18, 2020 8:18:24 pm

The BCCI will get Rs 440 crore yearly from Vivo and the five-year deal ends in 2022. (File Photo)

The BCCI is open to reviewing its sponsorship coverage for the subsequent cycle however has no plans to finish its affiliation with present IPL title sponsor Vivo as the cash coming in from the Chinese firm is helping India’s trigger and not the other way spherical, board treasurer Arun Dhumal stated on Friday.

Anti-China sentiments are working excessive in India following the border conflict between the 2 international locations at Galwan valley earlier this week. The first skirmish on the India-China border in greater than 4 many years left a minimum of 20 Indian troopers useless.

Since then, calls have been made to boycott Chinese products. But Dhumal stated Chinese corporations sponsoring an Indian occasion just like the IPL solely serve his nation’s pursuits. The BCCI will get Rs 440 crore yearly from Vivo and the five-year deal ends in 2022.

“When you talk emotionally, you tend to leave the rationale behind. We have to understand the difference between supporting a Chinese company for a Chinese cause or taking help from Chinese company to support India’s cause,” Dhumal informed PTI.

“When we are allowing Chinese companies to sell their products in India, whatever money they are taking from Indian consumer, they are paying part of it to the BCCI (as brand promotion) and the board is paying 42 per cent tax on that money to the Indian government. So, that is supporting India’s cause and not China’s,” he argued.

READ | Chinese firms to lose India business in Railways, telecom

Oppo, a cell phone model like Vivo, was sponsoring the Indian cricket workforce till September final yr when Bengaluru-based academic expertise Byju’s start-up changed the Chinese firm.

Dhumal stated he’s all for lowering dependence on Chinese merchandise however so long as its corporations are allowed to do enterprise in India, there is no such thing as a hurt in them sponsoring an Indian model just like the IPL.

“If they’re not supporting the IPL, they’re more likely to take that cash again to China. If that cash is retained right here, we needs to be completely happy about it. We are supporting our authorities with that cash (by paying taxes on it).

“If I am giving a contract to a Chinese company to build a cricket stadium, then I am helping the Chinese economy. GCA built the world’s largest cricket stadium at Motera and that contract was given to an Indian company (L&T),” he stated.

“Cricketing infrastructure worth thousands of crores was created across country and none of the contract was awarded to a Chinese company.”

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Dhumal went on to say the BCCI is spoilt for selection relating to attracting sponsors, whether or not Indian or Chinese or from any other nation.

“If that Chinese cash is coming to help Indian cricket, we needs to be okay with it. I’m all for banning Chinese merchandise as a person, we’re there to help our authorities however by getting sponsorship from Chinese firm, we’re helping India’s trigger.

“We can get sponsorship cash from non-Chinese corporations additionally together with Indian companies. We can help our gamers any way however the concept is when they’re allowed to promote their merchandise right here, it’s higher that a part of cash comes again to the Indian economic system.

“The BCCI is not giving money to the Chinese, it is attracting on the contrary. We should make decision based on rationale rather than emotion,” he added.

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