Union Budget 2026-27: Sitharaman Unveils Sports Goods Manufacturing Initiative

• Finance Minister Nirmala Sitharaman announced a dedicated initiative for sports goods manufacturing in the Union Budget 2026-27.
• The initiative aims to boost domestic production, research, and innovation in sports equipment design and material sciences.
• The government plans to support high-quality sports equipment manufacturing to position India as a global supplier.
• Sitharaman emphasized the sector's potential for employment and skill development, envisioning India as a global hub.
• The budget also includes a scheme to revive 200 legacy industrial clusters to improve cost competitiveness.

Why It Matters: The Union Budget 2026-27 introduces a dedicated initiative to boost India's sports goods manufacturing sector.