Newsbite
Economy

India Approves ₹1,856 Crore Scheme for Sports Goods Manufacturing

Amit KumarSource: X
Updated 10h ago
India Approves ₹1,856 Crore Scheme for Sports Goods Manufacturing
India Approves ₹1,856 Crore Scheme for Sports Goods ManufacturingSource: X
Text size

The Union Cabinet has approved a ₹1,856.67 crore scheme to boost local sports goods manufacturing, focusing on cricket bats and footballs. The scheme includes incentives like 15% turnover support and 20% capital aid, aiming to create jobs, reduce imports, and provide quality gear for athletes and fitness enthusiasts. The scheme will run from 2026-27 to 2033-34.

Recommended for You

Selected by topic, desk, and recency.

EconomyJio Platforms Makes Record-Breaking IPO Debut with 21% PremiumEconomyCity Union Bank Sees 26% Net Profit Growth in Q2 FY27EconomySify Technologies Posts ₹4 Crore Net Profit, 31% Revenue GrowthEconomyMaruti Suzuki Q2 net profit falls 26% to ₹2,466 crore
More from Economy →

Read next

Economy

Aavin Announces Price Hike for Diwali Ahead of New Government Policies

Aavin, Tamil Nadu's state-owned dairy cooperative, has announced a price hike on various milk products ahead of Diwali, citing increased raw material costs and procurement expenses. The price hike, effective October 28, includes a 20-30% increase on ghee, butter, and milk-based sweets. The move comes as part of the new government's policies to support dairy farmers, with procurement prices raised from ₹41 to ₹44 per litre.

Read story

More to read

More reporting from Newsbite

All stories
EconomyPNB Housing Finance Sees 6% Net Profit Growth in Q2FY27EconomyHaryana Electricity Commission Rejects Parallel Licence for Gurugram and NuhEconomyIndian Pilot Captain Smit Machchhar Gets Top UAE Honour