Government Approves Rs 1,856 Crore Scheme to Boost India's Sports Goods Industry
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The Union Cabinet has approved a new scheme worth Rs 1,856 crore to help India become a global hub for sports goods manufacturing. The plan is called the Khelo India Sports Goods Manufacturing Scheme. It is designed to strengthen the country's position in an industry that has long been dominated by a few other nations.
The scheme will run for eight years, from the financial year 2026-27 to the financial year 2033-34. Its main goal is to encourage companies to produce sports equipment in India on a larger scale. By supporting local manufacturers, the government hopes to increase exports, create jobs, and reduce the country's dependence on imported sports goods.
The initiative is part of a wider effort to build a stronger sports ecosystem in India. The government has been working to improve facilities and encourage more people, especially young people, to take part in sports. Officials believe that a strong domestic manufacturing base will support this goal by making quality equipment more available and affordable.
The scheme is expected to bring long-term benefits to the industry, although its full impact will become clearer as the programme develops over the coming years.
Sources: India Business Trade
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