Chandigarh: Punjab Gold Cup hockey tournamnt, which will make its debut later this month, will be held on an annual basis at various places of the state, Organising Commitee Chairman Sukhbir SIngh Badal said here on Saturday.

Announcing this, Badal said the first-ever tournament being organisd by the Punjab Sports Department in the astroturf stadium st Sector 42 here from Jan 31 to February 9, has a total budget of Rs. 1.5 crore

Apart from India, Germany, the Netherlands and New Zealand will participate in this tournament.