The rejigging, aimed at increasing gender parity in the Games, will see women boxers in five weight categories -- 51kg, 57kg, 60kg, 69kg and 75kg -- taking part in the 2020 Olympics.
The expansion for women has forced a cutdown in the men's competition with the International Olympic Committee (IOC) ruling that there would be eight, instead of the current 10, weight categories in the Tokyo roster.
"It is a good decision and gives us a lot of room as far as a shot at medals is concerned. Girls, who were straining themselves to fit into the previous three weight categories can now ease up a bit and make it in their natural weight categories," chief coach for women Gurbax Singh Sandhu told PTI.
"India will definitely benefit from this as women's boxing is continuing to grow in the country," added the veteran coach, who is currently administering a national camp in Rohtak.
The idea of losing out on two weight categories for men isn't particularly pleasing, said Nieva, even though he is happy to see women's boxing rise in stature.
"Strictly from the perspective of being the men's coach, this is a body blow. We don't yet know which two weight categories are being dropped but imagine if it is a strong one for us," said the Argentina-born Swede, who is also a member of the International Boxing Association's (AIBA) coaches commission.
In fact, his position of being an AIBA coaches commission member means that Nieva will be among those whose views will be counted in finalising the Tokyo2020 boxing competition by sport's governing body.
"The AIBA has a meeting in late July when probably we would know about the men's categories. The various commissions will give their view on it and that's how things will be finalised," he explained.
"I can adjust to this. For now I will be competing in the 48kg category because my plan is finalised for the Asian Championships this year and the Commonwealth Games next year. But yes, the IOC has taken a decision and we will have to go by it, so I will make adjustments," said the five-time world champion, who is also a Rajya Sabha MP.
Indian boxing's recently-appointed government observer, Akhil Kumar, a former Commonwealth Games gold-medallist, feels women's boxing deserves expansion.
The AIBA, on its part, has welcomed the move and has vowed to ensure that there is no drop in the number of boxers competing at the Games.
"AIBA's next step is to convene the expertise of its relevant Commissions in the coming days and open discussions regarding the optimum ways of adapting the competition structure to incorporate these changes.
Disclaimer: No Business Standard Journalist was involved in creation of this content
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