"Milagrow
will gift more than Rs 50 Lakh to Olympics Medal Winners with Launch of
Special Edition TabTop PCs and Domestic Robots in their names,"
Milagrow Business and Knowledge Solutions' Founder and CEO, Rajeev
Karwal, told.
He added in case of a team winning a medal, the amount will be evenly distributed among players in the team.
Milagrow
will launch special edition of tablet personal computers and domestic
robots to honour medal winners in Olympics 2012 and five per cent of the
sales proceeds from these models will be given to the medal winners.
"In
such a scenario, we expect to easily sell more than 10,000 Tab Tops and
Domestic Robots named after the players at minimum price of Rs 10,000
each. This at 5 per cent would net the player an income of over Rs 50
lakh over the product life-cycle," Karwal said.
Milagrow
will launch these special edition products within six months after
consultation with the athletes or nominated members from the team and
from the sale receipts of each model it will give 5 per cent to the
athlete or the team on a monthly basis, till the model sells.
Karwal
expects to achieve target sales of Rs 10 crore from each individual
model of special edition within an year of launching products.
In
addition to this, Milagrow has also announced a cash award of Rs 1 lakh
for each individual gold medal winner, Rs 75,000 for silver medal
winner and Rs 50,000 for bronze medal winner.
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