The BCCI in December 2005 announced Nike as the official kit supplier [1] for the Indian Cricket Team for a period of five years, from January 1, 2006 to December 31, 2011. [2] Nike had signed a deal worth INR 197 crores / USD 43 million, outbidding rivals Adidas (INR 128 crores / USD 28 million) and Reebok (INR 119 crores / USD 26 million). [3] The contract was extended till March 31, 2011 [4] [5] [6] and later renewed for a period of 5 more years in April 2011 for INR 290 crore from April 1, 2011 to March 31, 2016. [7] [8] [9] In 2016, the contract was further extended for a period of 4 years for INR 370 crores, until September 30, 2020. [10]
The BCCI in December 2005 announced Nike as the official kit supplier [1] for the Indian Cricket Team for a period of five years, from January 1, 2006 to December 31, 2011. [2] Nike had signed a deal worth INR 197 crores / USD 43 million, outbidding rivals Adidas (INR 128 crores / USD 28 million) and Reebok (INR 119 crores / USD 26 million). [3] The contract was extended till March 31, 2011 [4] [5] [6] and later renewed for a period of 5 more years in April 2011 for INR 290 crore from April 1, 2011 to March 31, 2016. [7] [8] [9] In 2016, the contract was further extended for a period of 4 years for INR 370 crores, until September 30, 2020. [10]