India spends Rs.123.73 crores on Olympics preparations

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Sports Minster Ajay Maken on Tuesday said Rs.123.73 crores have been spent so far on training athletes for the 2012 London Olympics.

"Till 29th February, 2012, approximately an amount of Rs.123.73 crores has been spent on the athletes. The ministry is closely monitoring the athletes and is in regular touch with sports federations, SAI and experts in the respective fields to review their preparation," Maken said in a written reply in the Lok Sabha.

The ministry has earmarked Rs.258 crores for the for athletes' Olympic preparation. Till date, 29 sportspersons in five disciplines have qualified for the July-August mega event.