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Talking to reporters at Circuit House, Khan said Rs 500 crore was sought during the pre-budget discussions to promote sports in the state.
He said the proposal for setting up a sports university in Bengaluru was under consideration.
The Minister said sports hostels would be developed and schemes introduced to attract more youth to sports.
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A decision in this regard would be taken after talks with all concerned, he said.
District-in-charge Minister U T Khader was also present.