Sports Industry It means manufacturing equipment and clothes that are required for participating in sports and preventing related injuries. India currently manufactures more than 300 sports-related goods such as toys, video game consoles and articles, festive and carnival articles, gymnastics and sportswear goods, fishing articles, outdoor games, toys, etc. India also is one of the leading international sourcing destinations for inflatable balls and other sports goods for global brands such as Mitre, Lotto, Umbro, and Wilson Jalandhar and Meerut, two cluster cities for the manufacturing of sports products, host more than 3000 manufacturing units and 130 exporters, accounting for approximately 82% of total production. Now Sports industry contribution to India’s total employment is just 0.05% but in developed countries sports contribute 2% to 4% of total employement it include athletes, coaches, trainer, event manger, sport equipment & porduct sale etc. That means india have a vast market to cover and we believed that the great initiatives such as Indian Premier League, Hockey India League, Indian Badminton League, Pro kabaddi, Indian Super League and many more have a future in India as a business But before this india should focus on improving governance & infrastructure and building a sporting culture. The fanbase for cricket particularly the (IPL) continues to break records year after year, while other sports struggle to garner the same level of following #finance #valuation #Linkedin
Pro Kabaddi: We're growing IPL: That's cute Other leagues: You guys are growing?
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Exciting prospects ahead for this industry!
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Very informative
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Research at INDmoney || Ex - Entrackr, TheKredible
4moIt’s concerning, a true sportsman should have love for all the sports not just for cricket.