He made the announcement at the the inauguration of his sports academy - Khel Bharati - here. Indian opener Virender Sehwag inaugurated the academy.
Ramakant Acharekar, who coached Kambli as well as his school-mate Sachin Tendulkar, was also present.
Kambli, who played his first One-Day International against Pakistan in 1991, said his childhood friend and batting legend Tendulkar could not come because of his previous engagements, but has offered to help the academy.
Kambli, who played 17 Tests and 104 ODIs, played his last match for India in October 2000 at Sharjah, against Sri Lanka. He made 1084 runs in Tests, which includes four centuries while in one-dayers he made 2477 runs.
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