India’s Cabinet has approved an Indian Rs. 18.56 billion (approximately $195 million ) scheme to strengthen the country’s sports goods manufacturing industry and expand its presence in international markets. The Khelo India Sports Goods Manufacturing Scheme will be implemented from 2026 to 2033-34, with a focus on attracting investment, promoting innovation, improving product quality and increasing exports, according to an announcement by India’s Press Information Bureau. The scheme will support the establishment of dedicated sports goods manufacturing zones, encourage domestic and international manufacturers to set up production facilities, and strengthen existing manufacturing clusters, particularly those involving micro, small and medium enterprises (MSMEs). A combined allocation of Indian Rs. 11.3 billion has been earmarked for investment and production-linked incentives, while Indian Rs. 1.05 billion will support manufacturers in obtaining and renewing international sports federation certifications. The programme will also promote research and development, advanced manufacturing technologies, start-ups and industry-linked skills training. (Newswire) The post India approves INR 18.56 billion scheme to boost sports goods manufacturing appeared first on Newswire.
