Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

Meerut can boost flagging sports merchandise export.


Date: 25-08-2021
Subject: Meerut can boost flagging sports merchandise export
Lucknow: The latest EXIM Bank report on sports goods industry says India has an untapped export potential of $227.4 million and though 60% industry output is marked for export, its share in national merchandise exports is extremely low — 0.09% in 2019-20. 

Any advancement in the sector will be crucial for Uttar Pradesh as Meerut along with Jalandhar in Punjab account for 70% of sports production in the country. 

The report launched by Union finance minister Nirmala Sitharaman in Lucknow recently, says clusters like Meerut will “form the cornerstone in realizing the vision of a strong and ‘atma nirbhar’ sports goods sector in the country”. In 2017-18, UP accounted for 40.1% of India’s production with a value of Rs 2,355.98 crore, second only after Punjab. Meerut is known for manufacturing cricket and boxing equipment, badminton racquets, athletics and gymnastic equipment, swimwear, inflatable balls, hockey, table tennis equipment and skating equipment. 

“India currently manufactures more than 300 types of sports goods and is one of the largest manufacturers in Asia, after China and Japan. The value of production of sports goods was pegged at Rs 2,380.7 crore in 2018-19. However, production is concentrated in two clusters Meerut and Jalandhar, which produce nearly two-third of the total sports goods in the country. The industry is labour intensive and export oriented,” the report says, adding when compared to the global market size, the value of exports is also low. “India was the 24th largest exporter of sports goods in the world in 2019, accounting for 0.56 percent of global exports of sports goods during the year,” it adds. 

The industry was severely impacted by the pandemic and during the lockdown in April last year, there was a year-on-year decline of 86.3%. 

“Analysis indicates top global importers across several key sports goods categories are not among India’s key export destinations. Targeting exports to top importing markets in each identified product category would be important to enhance India’s market global share,” the report recommends. It adds that developing economies with high demand for sports goods, like Brazil, Mexico, South Africa, Chile, Columbia, Argentina, Nigeria, Peru and Ecuador could also be targeted for market diversification. 

The report points to an increasing dependence on imports of sports goods from China. It quotes findings by Directorate General of Commercial Intelligence and Statistics (DGCIS) on India’s excessive import dependence on partner countries, especially China, for sports goods. “Analysis in the DGCIS study indicates China offers sports good to India at relatively cheaper unit rates, when compared to other countries. There is a need to consider increasing import tariff on sports goods from China. This would, however, entail a careful examination of demand and supply side factors to ensure that a tariff hike does not prove detrimental to the domestic industry or consumers,” the report says. 

Source:thetimesofindia.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 28-02-2025
Notification No. 12/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.

Date: 14-02-2025
Notification No. 10/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.

Date: 13-02-2025
Notification No. 14/2025-Customs
Seeks to amend Notification 11/2021-Customs dated 01.02.2021 to amend AIDC rate on Bourbon whiskey

Date: 11-02-2025
NOTIFICATION No. 09/2025–Central Tax
Seeks to bring rules 2, 8, 24, 27, 32, 37, 38 of the CGST (Amendment) Rules, 2024 in to force

Date: 03-02-2025
[F. No. CBIC-190354/236/2021-TRU]
Corrigendum to Notification No. 50 of 2024 Customs, dated the 30th December, 2024.

Date: 01-02-2025
Notification No. 13/2025-Customs
Seeks to further amend notification No. 153/94-Customs dated the 13 th July, 1994.

Date: 01-02-2025
Notification No. 12/2025-Customs
Seeks to further amend notification No. 19/2019 dated 06 th July 2019.

Date: 01-02-2025
Notification No. 11/2025 – Customs
Seeks to further amend notification No. 25/2002-Customs, dated the 1st March, 2002 so as to add capital goods to the already existing list of capital goods exempted from basic customs duty for manufacture of lithium-ion battery of mobile phones and electrically operated vehicles.

Date: 01-02-2025
Notification No. 09/2025-Customs
Seeks to further amend notification No. 16/2017-Customs, dated the 20 th April, 2017 so to exempt certain drugs for supply under Patient Assistance Programme run by specified pharmaceutical companies.

Date: 01-02-2025
Notification No. 07/2025-Customs
Seeks to further amend notification No. 11/2018-Customs dated 02 th February, 2018 so as to exempt specified goods from the whole of levy of Social Welfare Surcharge.



Exim Guru Copyright © 1999-2025 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001