Overview of India's Sports Goods Manufacturing Industry
India's traditional sports goods manufacturing hubs like Meerut and Jalandhar have been pivotal for decades, yet the industry remains under-leveraged. With India aiming to host upcoming major international sporting events, there is an anticipated surge in demand for certified, athlete-ready equipment.
Global Market Context
- The global sports goods industry is valued at nearly $700 billion and is projected to exceed $1 trillion in the next decade.
- Sports equipment, the largest category, currently stands at $400 billion and is expected to double.
India's Current Position
- India's exports are approximately $523 million, compared to a global trade of $51 billion.
- Imports of over $300 million worth of equipment highlight an opportunity and gap in the market.
Challenges and Opportunities
- Indian manufacturing clusters need modern infrastructure, design innovation, and certification pathways to compete globally.
- With a focus on MSMEs and Olympic-standard equipment, India can reduce import dependence and create millions of jobs.
Certification and R&D
- Certification of equipment is essential but not sufficient; investment in R&D is crucial for sporting excellence.
- South Korea's example: Grassroots athletes use inexpensive plastic equipment, while R&D supports the production of Olympic-grade materials.
Infrastructure Development
- Create indigenous testing laboratories and digital platforms for local certification and market access.
- Establish a marketplace platform connecting sports federations, athletes, and manufacturers.
Policy and Administrative Support
- The inclusion of sports goods manufacturing in the Allocation of Business Rules 1961 under the sports ministry provides clear policy direction.
- Partnerships with state governments and a whole-of-government approach are necessary for sector development.
Strategic Initiatives
- Formation of a task force with industry and sports federation representatives to identify gaps and simplify processes.
- Promote the development of integrated sports manufacturing parks.
By leveraging these strategic initiatives, India has the potential to transform from a peripheral exporter to a global leader in the sports goods industry, ensuring that world-class athletes use Indian-made equipment.