Cricket Association of Nepal (CAN) and Wai-Wai, the instant noodle product of CG Foods, inked on the contract paper of sponsoring Nepali U-19 cricket for next five years.
CG Foods announced a sponsorship of Rs 21 million for the period amidst a signing ceremony in the capital on Monday. Cricket Association of Nepal President Tanka Aangbuhang and Chaudhary Group’s Managing Director Nirvan Chaudhary signed the MoU on Monday.
Nirvana Chaudhary, the managing director of Chaudhary Group and Cricket Association of Nepal Tanka Aangbuhang exchange agreement papers of sponsorship during the signing ceremony in Kathmandu on Monday.
As per the contract, CAN will invest Rs 1.8 million every year for organizing National U-19 Tournament for boys’ and Rs 900,000 for the girls’ tournament. Likewise, Rs 1.5 million will be spent every year on the regional tournaments, cash prizes as well as on the international participation of U-19 teams.
CG Foods has been supporting Nepali cricket since 2005 as the sponsor of different age-group tournaments and teams.
“This type of support from corporate sector would energize Nepali cricket fraternity,” said CAN general secretary Ashok Nath Pyakuryal. “Stepping on such support, we can expect Nepali cricket team producing more joyful results like in Division 4, Malaysia,” he added.
CAN President Aangbuhang claimed that cricket is the only team game in Nepal which can expect participation in the World Cup and thanked CG Foods for supporting Nepali Cricket.
Chaudhary Group’s MD Nirvan Chaudhary said that brand like Wai-Wai feel extremely honored to continue support in Nepali cricket. “Cricket is so popular in Nepal that it has been serving as a tool of national unity,” said Chaudhary.
National Sports Council Member Secretary and the chief-guest of the signing ceremony Yuvaraj Lama said that the state authority has been planning to invest on developing infrastructure for the cricket. He also asked corporate sector to support other sports along with popular sports like cricket.