The announcement was made by the Madhya Pradesh chief minister Shivraj Singh Chauhan, who formally inaugurated the tournament here yesterday.
"This amount will be increased to Rs 51 lakh next year", Chauhan said.
He also announced a proportional increase in the prize amount for runners-up and the team bagging the third slot in the tournament.
Former Olympian Dhanraj Pillay was also present on the occasion.
The tournament features two teams, one each from Malaysia and New Zealand and twelve Indian team such as Air India, Bharat Petroleum, ONGC and Punjab National Bank.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app