NITI Aayog Report released to unlock
export potential of sports equipment sector
¨
NITI Aayog Report
released to unlock export potential of sports equipment sector.
¨ A comprehensive report on
“Realising the Export Potential of India’s Sports Equipment Manufacturing
Sector” has been released by NITI Aayog to assess opportunities and policy
needs.
¨ The report has been
designed to provide an evidence-based framework to strengthen India’s position
in the global sports equipment market.
¨
It highlights the
importance of export-led growth and employment generation through MSME-driven
manufacturing clusters.
¨ The global sports goods
market has been valued at around $700 billion in 2024 and is projected to
exceed $1 trillion by 2036.
¨ India’s sports equipment
exports currently stand at around $275 million, representing nearly 0.5% of
global exports.
¨
Manufacturing activity is
concentrated in clusters such as Jalandhar and Meerut, supported by small and
micro enterprises.
¨ The sector faces
challenges such as high raw material costs, certification expenses, logistics
inefficiencies, and limited access to advanced technologies.
¨ The report recommends
measures like duty rationalisation, technology upgradation, and development of
new manufacturing clusters.
¨ A coordinated investment of about ₹7,500 crore has been proposed to strengthen the ecosystem between 2027 and 2031.
¨ If implemented effectively, exports are expected to grow to $8.1 billion by 2036, generating around 54 lakh additional jobs.
