The event got underway with the opening ceremony here today and will feature 30 teams.
This is the third event being hosted by the newly-formed Boxing Federation of India within a span of four months.
Also competing would be Naman Tanwar (91kg), a World Championships bronze-medallist.
"The federation is growing by leaps and bounds. We have already taken the foremost step towards reclaiming India's rightful place as a boxing power in the world. Even though there is still a long way to go, I'm happy with the effect," BFI President Ajay Singh said.
The BFI has introduced a prize money that would be given to 80 medallists in order to push their zeal.
There will be 10 weight categories, and each category will have 4 winners. The award for the gold-medallists will be Rs 20,000, for silver Rs 12,000 and the bronze-medallists will be awarded Rs 7,000 each.
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