India’s sports goods industry is nearly a century old and has flourished, driven by a skilled workforce. Being labour–intensive in nature, the industry provides employment to more than 5,50,000 people. India’s sporting goods are popular around the world and have made a mark in the global sports goods market. The domestic industry export nearly 60% of its total output.
Total toys, games, and sports requisites export stood at US$ 418 million in FY19 and reached US$ 405 million in FY20.
Top ten destinations for export of sports goods in FY19 were US, UAE, UK, Australia, Germany, Netherlands, France, South Africa, Sweden, and Canada.
Major exported items were inflatable balls and accessories, nets, general exercise equipment, boxing equipment, toys and games, protective equipment, cricket equipment, sportswear, carrom boards and hammock.
Indian sports products have been exported for global events.
India has emerged as the leading international sourcing destination for inflatable balls and other sports goods for international brands such as Mitre, Lotto, Umbro and Wilson.
India will have its first toy manufacturing cluster in Koppala in Karnataka and will help in boosting toy manufacturing in India. The toy cluster is expected to attract over Rs. 5,000 crore (US$ 678 million) in investments.
COMPAXED team is dealing in Sports segment for various M&A, Investment Banking and Corporate Advisory services aspects.