Speaking to PTI at the conclusion of a two-day AIBA Commissions meeting, held in India for the first time, Dr Wu also said that India would be getting greater representation in the world body, a few names for which have already been discussed.
India had a WSB franchise, Mumbai Fighters in 2011-12, but the owners -- sports infrastructure company TransStadia -- pulled out complaining of lack of support from the then national federation.
"Yes (the franchise is coming back), I think President Singh had a discussion with franchise investors and this is part of the Indian boxing programme. We are working together. The WSB will become stronger," Dr Wu, who had last visited India during the 2006 Women's World Championships, said.
On the assimilation of professional boxers in the amateur set-up after AIBA decided to allow them into the Olympics last year, Dr Wu said the policy framework would be left to the national federations.
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India are all set to also host the World Youth Championships for women in November and the AIBA chief said the country would also be getting better representation in the world body's various commissions.
"Yes there have been discussions already on having more Indians in AIBA commissions. There are nominations from the Indian Federation for different commissions and we will welcome them," Dr Wu said.
Speaking about the two-day Commissions meetings here, Dr Wu stated that increasing the weight categories for women boxers in the Olympic Games was among the major issues discussed.
"One of the recommendations from the women's commission is the addition of two weight categories for the next Olympic Games. We have not yet decided which weight categories but I am working on it. We have to get the IOC (International Olympic Committee) approval for the addition of the weight categories," he explained.
"We used to have the protests but after some years of experience we realised it took a long time. It affected schedules. So that's why we respected the decision made by referees and judges," he said.
"But after the Olympics last year, we felt we can still maintain the protest system. But not everybody who lose can immediately protest. They have to pay a big price, show sincerity. We are considering now, but it is in the process," he added.