The Sports Authority of India and Punjab National Bank entered into an agreement on Friday to establish a hockey academy at the Major Dhyan Chand stadium in Delhi.
Under the agreement, SAI will provide its sports facilities, including synthetic turf, scientific support and coaches, according to a statement from SAI.
Punjab National Bank will bear all the expenses of running the academy, providing for the players' boarding and lodging, equipment and competition exposure.
Padma Shri and 1975 World Cup-winning captain Ajit Pal Singh will supervise the functioning of the academy.
The SAI-PNB initiative is the second of its kind, the first being the SAI-Air India Academy, which is also located at the Dhyan Chand stadium.