According to the deal, which is worth Rs 3 million, Pepsi will be the sponsor of the team while Standard Chartered will be the co-sponsor. The deal has to be renewed annually.
According to the deal, Pepsi´s Nepal representative Varun Beverage will provide Rs 1.2m in cash and all the kinds including clothing for the tournaments while Standard Chartered will provide Rs 1.2m in cash.
Nepali senior cricket team was sponsored by Surya Nepal and Standard Chartered for last three years. In 2007, Pepsi sponsored U-15 National League and U-15 team.
“I wish Nepal will become a good team that we can be proud of,” Ravi Kant Jaipuriya, the chairman of Varun Beverages said after the signing ceremony.
Standard Chartered CEO Sujit Mundul said that Nepali players have talents and hoped that the support would help them showcase their talents.
“The support of Pepsi and Standard Chartered will be helpful as the senior team is currently not performing as good as junior teams,” CAN president Binaya Pandey said. “I believe Nepal will be able to play ODI by 2015.”
Pepsi is also the official sponsor of the ICC Development Porgram under which Nepal is hosting World Cricket League Division V tournament in February, 2010.
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