Mansukh Mandaviya announces formation of task force to formulate sports goods manufacturing policy (Image Source: IANS)
Sports Goods Manufacturing Conclave: India reaffirmed its commitment to building an Atmanirbhar Bharat in the sports sector as Union Minister of Youth Affairs & Sports, Mansukh Mandaviya, chaired the first-ever Sports Goods Manufacturing Conclave held in New Delhi on Saturday.
Organised by the Ministry of Youth Affairs & Sports, the conclave brought together representatives from NITI Aayog, Commerce Ministry, DPIIT, FICCI, CII, MSMEs and leading sports industry stakeholders to chart a new roadmap for India’s sports goods manufacturing capabilities.
The Indian sports goods sector is valued at USD 4.88 billion (Rs 42,877 crore) in 2024 and is projected to grow to USD 6.6 billion (Rs 57,800 crore) by 2027 and Rs 87,300 crore by 2034.