Sports, Youth & Cultural

Activities Department
Manufacturing Sports Goods and
Equipments
Table of
Contents
1 Market Potential 3

2 Government focus on sports 6

3 Growth Drivers 8

4 Gujarat Competitive Advantage 9

5 Gujarat Sports Policy 10

6 Project Information 12

7 Project Financials 13

8 Approvals and Incentives 14

Indian Sports Market

The project involves setting up

manufacturing units of sports goods and Indian sports industry (USD billion)
equipment in Gujarat, India.
CAGR: 19.9%
The overall Indian sports market is expected 100 94.1
to grow to USD 94 billion (INR 781,030
crore) by 2027 at a CAGR of 20.6% (2022- 90
2027) 78.5
80
The growth in the market is predominately
due to success of Indian Premiere League 70 65.4
for cricket, which has resulted in the CAGR:
creation of several such leagues across 60 19.9% 54.6
sports such as Indian Sign Language for
football, Hockey India League for field 50 45.5
hockey and Pro Kabaddi League for 38.0
kabaddi. These leagues have significant 40 31.7
viewership and fan-following indicating 30 26.4
the acceptance and demand for sports
beyond cricket 20
The Indian government’s focus on 10
improving fitness, participation in sports
and young talent identification also plays 0
an integral part in the growth of this sector
CY20 CY21 CY22 CY23 CY24 CY25 CY26 CY27

Key segments of sports market in India

Indian Sports Market

Sports Apparel &

Nutraceuticals
Active Wear

Sporting Goods Sports Media

Gaming Fitness Centers

3 Manufacturing Sports Goods and Equipments

Market Potential - Domestic

The sports goods segment within the

overall Indian sports market includes ball
sports equipment (such as cricket, football, Indian sports goods segment (USD billion)
basketball, etc.), adventure sports
equipment, fishing equipment, golf
equipment, racket sports equipment, winter CAGR: 12.9%
8
sports equipment, specialist footwear and all 7.1
other sports-dedicated equipment. Gym 7 6.4
equipments are also included . However, CAGR:
5.7
sport wearables and nutrition 6 7.1%
5.1
supplements are not included.
5 4.5
This segment of the sport market faced a
downturn in CY20 and CY21 compared to
3.9
4 3.4 3.3
historical levels due to Covid-19 but is on an
upward trend since CY22. It is expected to 3
grow to USD 7.1 billion (INR 58,930 crore)
by 2027 at a CAGR of 12.9% (CY22-CY27) 2
Out of the USD 3.9 billion (INR 30,291 crore) 1
in CY22, the country’s exports of sports
goods and equipment stood at USD 0.5 0
billion (INR 3,900 crore)
CY20 CY21 CY22 CY23 CY24 CY25 CY26 CY27
CY: Calendar Year

State wise production of goods 2023 (%)

2nd
0.0% 4.9% Largest producer of Bicycles in
1.7% 0.3%
4.2% world
6.8% 44.4%

37.6%
24th
Largest exporter of sports
goods in world

Punjab UP Haryana 500,000+

Tamila Nadu Maharashtra J&K People employed in sports
Gujarat Others goods manufacturing

Jalandhar (Punjab) and Meerut (UP) continue to

318+
be the largest cluster cities for sports goods Sports goods
manufacturing, contributing ~82% manufactured in India

4 Manufacturing Sports Goods and Equipments

Market Potential - Global

Global sports goods market (USD billions)

250 CAGR – 11.9%

225.4
209.1
195.3
200 183.5
173.5
165.1
158.0
150

102.8
100

50

0
CY20 CY21 CY22 CY23 CY24 CY25 CY26 CY27

In CY22, India’s sports goods exports stood at USD 0.5 billion, which accounted for less than 1% of the global
sports goods market. Given the country’s focus on “Make in India” and various schemes promoting sports,
like Khelo India and FIT India movement, India is poised for investments to expand it’s current sports goods
manufacturing capacities and increase sports goods exports

India’s sport goods export overview Goods for Export

India exports a variety of sporting goods

including to over 200 countries, including the Inflatable Balls
US, China, the UK, and Australia.
To boost the sporting goods manufacturing
sector and its exports, the government has
established-
General Exercise
• The Sports Goods Export Promotion Council Equipment
(SGEPC).
• The Market Access Initiative (MAI) scheme
and the Remission of Duties and Exported
Products (RoDTEP) scheme.
Cricket Gear

5 Manufacturing Sports Goods and Equipments

Government focus on Sports

The government aims to transform Indian sports with long-term impact on health,
education and tourism by undertaking mega-sports infrastructure projects and
exploring and encouraging investments through
the public private partnership (PPP) model

Key Government Policies

1 Fit India Movement 2036 Olympics

Launched in 2019, the mission aims to bring behavioural
changes and move towards a more physically active lifestyle India is one of the potential bidders to
host 2036 Summer Olympics

2 Khelo India
Introduced to revive sports culture in India at grass-root level by
building a strong framework for all sports and establishing India IPL - 2nd
as a great sporting nation
Most valuable league in the world after
USA’s NFL

3 Target Olympic Podium Scheme (TOPS)

Its goal is to find, develop, and prepare future medal
contenders for the Olympic and Paralympic Games. Under this
program, athletes and sportspeople will receive specialized
instruction from renowned coaches at cutting-edge sports
USD 18 Mn
facilities and institutions Spent by Haryana government for
execution of Khelo India

4 The National Sports Development Fund

(NSDF)
The aim of the fund is to provide athletes with the opportunity to 298+
train under international coaches with technical, scientific and
psychological support and provide them exposure to Sports infra projects approved under
international competitions. It also provides financial assistance Khelo India Programme
for development of infrastructure and other activities

5 Sports Authority of India (SAI) Schemes 107 Medals

SAI manages several programs for youth and senior sports
promotion. The National Sports Academy (NSA) Scheme, the
Highest ever in Asian Games 2023
Center of Excellence Scheme, the National Sports Talent
Contest Scheme (NSTC), the Special Area Games Scheme, &
the COME and PLAY Scheme

6 Manufacturing Sports Goods and Equipments

Government focus on Sports

Key statistics for sports infrastructure in India

No. of Grand
Schemes Residential Non-Residential
Centres Total
Boys Girls Total Boys Girls Total
National Centres of Excellence
23 1,372 1,255 2,627 94 67 161 2,788
(NCOE)
SAI Training Centre(s) (STCs) 67 2,665 1,294 3,959 368 492 860 4,819
Extension Centre of STC/SAGs 30 - - - 1,086 692 1,778 1,778
NSTC Regular Schools 10 - - - 223 50 273 273
Indigenous Games & Martial
10 - - - 76 57 246 133
Arts(IGMAs)
Akharas 49 - - - 551 119 670 670
TOTAL: 189 4,037 2,549 6,586 1,644 995 2,639 9,225

Historical key sporting events hosted by India

• ICC Men’s World Cup • FIH Hockey World Cup • F1 Indian Grand Prix
(1987, 1996, 2011, 2023) (1982, 2010, 2018, 2023) (2011-2013)

• Men's T20 World Cup • Asian Games • South Asian Games

(2016) (1951, 1982) (1987, 1995, 2016)

• Common Wealth Games • FIFA U-17 World Cup • SAAF Championship

(2010) (2017) (1999, 2011, 2015, 2023)

Government of India’s focus and way forward

• Mission Olympic 2024:

To help India in winning 50 medals in the 2024 summer Olympics, Niti Aayog has fostered a short and medium-
term action plan. Under this scheme, six new foreign coaches are supposed to help India’s Olympic preparations

• USD 0.4 billion (INR 3,397 crore) sports budget for FY23-24:
India saw its largest allocation to the sports sector in FY23-24 budget, an increase of 11% over the previous
budget. Out of which, USD 0.1 billion (INR 1000 crore) has been set aside just for the Khelo India project

• CAPEX of USD 1.1 billion:

Under the National Investment Pipeline, capital expenditure of USD 1.1 billion (INR 9,100 crore) between (FY20-
FY25) has been earmarked for developing sports infrastructure in the country

7 Manufacturing Sports Goods and Equipments

Growth Drivers

• Indian Premier League (IPL)

Disney Star, the official television broadcaster of IPL, quoted ~500 million
viewers tuned in to watch the live broadcast of T20 matches on television and
the number for total viewers, including coverages around matches and
highlights, stood at ~530 million
Surging Interest and
• Indian Super League (ISL)
Growing Viewership
Total viewership has surged to 130 million across the globe.
• Pro Kabaddi League (PKL)
The seventh season of non-cricket property Pro Kabbadi League attracted 1.2
million impressions and a cumulative reach of 352 million

India has a large pool of skilled labour,, which is essential for the manufacturing of high-
Availability of skilled quality sports goods.
Labour at competitive costs Additionally, India also has a competitive labor cost advantage over many other countries,
making it an attractive destination for sports goods manufacturers

Government of India is playing a vital role in growth of the sports sector through several
initiatives and programs like Khelo India, Target Olympics Scheme
Favourable Central The “Make in India” scheme promotes domestic manufacturing and provides incentives
Government and subsidies to setup manufacturing units in India
Policies/Actions Government of India increased sports budget by 11 % in 2023-24
100% FDI is allowed in sports goods manufacturing and sports infrastructure construction

Favourable State
The State Government of Gujarat has introduced a new Sports Policy (2022-27).
Government Policies

Rising Disposable Income

As the disposable income of the Indian population continues to rise, the demand for sports
and Increased Health goods and fitness equipment is also increasing
Awareness

E-commerce is growing rapidly in India, and this is providing a new platform for sports
Rise of E-commerce goods manufacturers to reach customers

8 Manufacturing Sports Goods and Equipments

Gujarat Advantage
Policies to Attract
Labour
Gujarat raised the minimum wage by 25%, to
benefit workers. The minimum daily wage of a
skilled worker in the urban area will be Rs 410.8,
while that of an unskilled worker in the non-urban
area will be around Rs 382.2. This will help
attract skilled labour to the State
Geographical
Location
Its location makes it an attractive destination for
export-oriented units which assume a significant
portion of the sports goods manufacturing sector.
Gujarat’s
Logistical Prowess
Gujarat topped the Logistics Ease Across
Different States (LEADS) 2022 index, brought out
by the Commerce & Industry Ministry.
Air Transport in
Gujarat
There are 14 domestic airports in Gujarat.
9 Manufacturing Sports Goods and Equipments
Skill Dev. Industry
Skill development industry in the state is well-
developed, with many technical institutions (678
engineering institutes) and training institutes
(11,167 vocational training institutes).
Gujarat’s Sports
Policy
The Government intends to leverage sports as a
vehicle to achieve multi-pronged benefits to
society.
Cluster Promotion
Gujarat, as part of its sport policy 2022-2027, plans
to promote and incentivize the production of
sporting goods.
Facilitate Linkages
The State Government will facilitate linkages with
the existing industries, e.g., textiles.
Gujarat Sports Policy

Gujarat Sports Government of Gujarat introduced the sports policy in 2022 where they
focused on 13 key pillar which cover the range of initiatives that will be
Policy implemented towards the development of sports ecosystem in the state

Governance and Sports Goods

Sports Infrastructure
Administration Manufacturing

Incentives, Rewards Sporting

Private Sector
and Support Competitions and
Participation
Events

Excellence Support Personnel Para and Special

Programme Development Sports

Upskilling and Increased Ethics and

Reskilling of Athletes Participation Integrity

New-age and Future-

ready Initiatives
10 Manufacturing Sports Goods and Equipments
Sports Policy

Key Highlights of the Policy

Sports Infrastructure Sports Incubator

1 New sports infrastructure in Gujarat

to be of Olympic standard 2 A first-of-its-kind incubator for sports
sector start-ups to be set up in the
State

High Performance Centers Para-Sports

3 Four new world-class High-

Performance Centres (HPCs) to come
up in Gujarat
4 Gujarat to set up India’s first para-
athlete focussed HPC

Grassroot Sports Sports Goods Manufacturing

5 Khel Mahakumbh to be Asia’s largest

grassroots sports talent identification
and development programme
6 Gujarat to become the first state in
India to set up a sports goods
manufacturing cluster

Tribal and Indigenous Sports Data Analytics and Sports

7 8
Science
State to have dedicated programmes to
promote sports among tribal and Data-analytics & Sports science
indigenous people modules to be implemented through
Sports University

Cash Awards International Events

9 Athletes & paraathletes to be given

equal and leading awards 10 Multiple single and multi-sport
international events to be organised in
the State

11 Manufacturing Sports Goods and Equipments

Project Information

Project at a glance

Project Name Set up manufacturing units for sports goods & equipment

Location Rajkot

Area 43,500 sq. ft. (1 acre)

Proposed project locations

Currently, the major sports manufacturing clusters are only in 2 cities

in the country, Jalandhar & Meerut. These two cities account for ~82%
of the sports goods production in India
The investment proposition for setting up manufacturing units in
Gujarat is furthered by: -
• Early mover advantage to cater to the growing local untapped
market Rajkot
• Land being provided by the state government
• Gujarat govt's policy initiatives to promotes and subsidies
sports and manufacturing

Selection criteria

Logistically connected
The Amritsar-Jamnagar corridor in inaugurated in 2023, presents
good connectivity with Jalandhar (largest sports cluster of India)
Industrial Drivers
Rajkot’s proximity to port like Kandla (200 km), Mundra (250 km) and
Pipavav (200 km) makes it an ideal location for catering to the global • Power supply through 11 sub
demand via exports stations across the district

Industrial Estates • Proposed four lane highway

connecting Rajkot to Jamnagar
The district of Rajkot currently has 16 industrial areas with a total of
3866 allotted plots and total acquired land of 755 hectares. These • Existing complementing clusters
industrial areas are developed by GIDC and there are 06 more - Foundry cluster
estates proposed to be developed in the district in near future by
GIDC - Plastic manufacturing cluster
- Bearing cluster (used in fitness
Availability of skilled labour equipment)
Rajkot has a skilled labor force with a history of working in the small-
scale manufacturing setups. Complementing industries in the area
will propel the sports industry to rise

12 Manufacturing Sports Goods and Equipments

Project Financials

Estimated Project Cost

The total project cost of setting up a badminton racquets manufacturing unit in Gujrat, will be ~USD 0.9 million (INR 7.5
crore) for a total production capacity of ~1,000 racquets per day

Project specifications Details

Racquets manufacturing capacity 1,000 per day

Land Cost To be provided by govt. of Gujarat

Building Cost ~INR 1.5 Cr

Plan & Machinery Cost ~INR 1.5 Cr

Other Costs ~INR 4.5 Cr

Total Construction Cost ~INR 7.5 crore

IRR 30.1 %

Payback Period 2 years 3 months

Manpower requirements

The total project cost of setting up a cricket bats manufacturing unit in Gujrat, will be ~USD 0.5 million (INR 4.2 crore) for a
total production capacity of ~30 bats per day

Project specifications Details

Bat manufacturing capacity 30 per day

Land Cost To be provided by govt. of Gujarat

Building Cost ~INR 1.5 Cr

Plan & Machinery Cost ~INR 1.5 Cr

Other Costs ~INR 1.2 Cr

Total Construction Cost ~INR 4.2 crore

IRR ~28.7 %

Payback Period ~2 years 4 months

13 Manufacturing Sports Goods and Equipments

Approvals

Indicative List of Approvals

S.No. Approvals/clearance required Department to be approached and consulted

1 Incorporation of company Registrar of companies

Secretariat if industrial assistance (SIA) for large and

2 Registration/Industrial license
medium scale industries

3 Allotment of land State industrial development corporation

No objection certificate (NOC) under

4 State pollution control board
air and water pollution control acts

5 Registration for Profession Tax Finance Department

6 Consent to establish Forest & Environment Department

Certification of Electrical Installation and

7 Energy and Petrochemicals Department
PGVCL Electricity Connection

8 NOC for Fire Department Urban Development & Urban Housing Department

9 Building Plan Approval Industries & Mines Department

Tree Transit Permission and NOC for Tree

10 Revenue Department
Felling

Narmada, Water Resources, Water Supply & Kalpsar

11 Water Connection
Department

12 Consent to Operate Forest & Environment Department

13 Registration for Factories License Labour & Employment Department

14 Consent to Operate Forest & Environment Department

15 Factory Plan Approval Labour & Employment Department

Labour & Employment Department

License for Contractors under Provision of
16
The Contracts Labour

17 Road Cutting Permission - R&B Road & Building Department

14 Manufacturing Sports Goods and Equipments

Incentives

Incentives For Sports Goods Manufacturing

S.No. Incentives Quantum of Assistance

For large Scale Industries

• Category 1
 General Sector: 10% of eligible Fixed Capital Investment (FCI)
(excluding land)
 Thrust Sector: 12% of FCI eligible (excluding land)
• Category 2
 General Sector: 8% of eligible FCI (excluding land)
 Thrust Sector: 10% of eligible FCI (excluding land)
• Category 3
 General Sector: 4% of eligible FCI (excluding land)
 Thrust Sector: 6% of eligible FCI (excluding land)
• The eligible capital subsidy will be given over a period of 10 years from
the Date of Commercial Production in equal annual instalments subject
to annual ceiling of INR 40 crore
Assistance of Capital • If the total eligible capital subsidy is not disbursed within period of 10
1
Investment Subsidy years due to upper ceiling of INR 40 crore per annum, for such unit the
eligible period will be extended further up to 10 years. The annual
ceiling will remain INR 40 crore per annum during such extended period
• In case, if the total eligible capital subsidy is not disbursable within
period of 20 years due to upper ceiling of INR 40 crore per annum, the
total entitlement of capital subsidy will be disbursed in equal 20 yearly
instalments without any upper ceiling
MSME Units
• Category 1: @25% of term loan amount up to INR 35 lakhs and
additional INR 10 lakhs for investment INR 10 crore
• Category 2: @20% of term loan amount up to INR 30 lakhs and
additional INR 7.5 lakhs for investment INR 10 crore
• Category 3: @10% of eligible term loan amount up to INR 10 lakhs and
additional INR 5 lakhs for investment INR 10 crores
• 1% additional interest subsidy to differently abled entrepreneur, SC/ST
entrepreneur / Women entrepreneur and registered startup in
manufacturing sector

15 Manufacturing Sports Goods and Equipments

Incentives

S.No. Incentives Quantum of Assistance

• 1% additional interest subsidy to young entrepreneur below age of 35

years on the date of sanction of term loan

• Category 1: Interest subsidy @7% of term loan amount up to INR 35

lakhs p.a. for 7 years
• Category 2: Interest subsidy @6% of term loan amount up to INR 30
lakhs p.a. for 6 years

2 Assistance for Interest Subsidy
• Category 3: Interest subsidy @5% of term loan amount up to INR 25
lakhs p.a. for 5 years
• 1% additional interest subsidy to differently abled entrepreneur, SC/ST
entrepreneur / Women entrepreneur and registered startup in
manufacturing sector
• 1% additional interest subsidy to young entrepreneur below the age of
35 years on the date of sanction of term loan

Assistance for acquisition of appropriate technology from recognized

Assistance for Technology institution for its product / process during the operative period of the
3
Acquisition scheme will be provided by way of 65% of the cost payable subject to a
maximum of INR 50 lakhs, including royalty payment for first two years

Assistance of 75% of cost/expenditure incurred for any number of patent

Assistance for Patent
4 applications subject to maximum INR 25 lakhs per applicant/Enterprise for
Registration
obtaining Patent registration

Exemption from payment of Eligible to obtain exemption from the payment of electricity duty for a
5
Electricity Duty period of five years

• 75% cost of energy/water audit conducted by a recognised institution/

Assistance for saving in
6 consumption of Energy and
Water
consultant subject to maximum INR 50,000/- for each will be
reimbursed once during the operative period of the scheme
• 25% cost of equipment recommended by the Auditing authority subject
to maximum INR 20 lakhs one-time assistance will be eligible during
the operative period of the scheme

16 Manufacturing Sports Goods and Equipments

Incentives

S.No. Incentives Quantum of Assistance

25% expenditure incurred on raising of fund through SME Exchange

Assistance for raising Capital maximum to INR 5 lakhs one time after successful raising of equity as per
7
through SME Exchange approved scheme by SME Exchange during the operative period of the
scheme

• Government of India has introduced instruction to financial institution to

sanction Collateral-free loans up to INR 2 crore by charging additional
fee on such loans
• Annual Service fees: 1st Year - 1.8% + Risk Premium 2nd Year
Assistance for reimbursement
8 onwards - 0.85% or as amended by CGTMSE (Credit Guarantee Fund
of CGTMSE fees
Trust for Micro and Small Enterprises) Trust/RBI from time to time
• Assistance as reimbursement @ 100% annual Service fees paid to
Bank/Financial Institution by entrepreneur for availing of collateral-free
term loan under CGTMSE, for the period of five years

Assistance for Power Assistance @ 35% of charges paid for LT/HT service line, maximum limit
9
Connection charges up to INR 5 lakhs

The assistance @ 65% of rent paid by the enterprise with maximum limit of
10 Assistance in Rent
INR 1,00,000/- (one lakh) Per Annum

Assistance in implementation
of Information and Assistance of 65% of the capital expenditure related to ICT facilities,
11
Communication Technology maximum up to INR 5,00,000
(ICT)

• State Level Exhibition – Assistance @75%, maximum up to INR

Assistance in participation in
12 Exhibitions (National and
International)
50,000
• National Level Exhibition – Assistance @75%, maximum up to INR 1
lakh
• International Level Exhibition (Inside India) – Assistance @75%,
maximum up to INR 2 lakhs
• International Exhibition (outside India) - Assistance to MSMEs to attend
National & International Exhibitions for 60% of stall rent up to INR 5
lakhs

• Assistance to organisers – Assistance @60% of bill of electricity

Assistance in participation in
13 consumption during the exhibition and pre-preparation period of the
Exhibitions (in Gujarat)
exhibition

17 Manufacturing Sports Goods and Equipments

Incentives

S.No. Incentives Quantum of Assistance

Assistance in implementation
of Information and Assistance of 65% of the capital expenditure related to ICT facilities,
13
Communication Technology maximum up to INR 5,00,000
(ICT)

Implementation of cleaner production technology in place of existing

process
• Up to 35% of the cost of plant and machinery with a ceiling of INR 35
lakhs
• Up to 10% of the cost of plant and machinery with a ceiling of INR 35
Assistance for Environment lakhs for large projects
14
Management Any other environment management project with use of clean, efficient and
innovative pollution control equipment
• Up to 25% of the cost of plant and machinery with a ceiling of INR 35
lakhs
• Up to 10% of the cost of plant and machinery with a ceiling of INR 35
lakhs for large projects

• Up to 75% of fees of audit service with a ceiling of INR 50,000 per

audit, whichever is less
• Up to 25% of the cost of plant and machinery with a ceiling of INR 35
lakhs
• Up to 10% of the cost of plant and machinery with a ceiling of INR 35
lakhs for large projects
• Up to 25% of cost of system (Online Continuous Stack Emission
Monitoring system) of INR 5 lakhs, whichever is less

Assistance to Encourage
15 “Green Practices and
Environmental Audit
• Industrial building of more than 2,000 sqm built-up area which obtained
green rating under IGBC/LEED or GRIHA : Up to 50% of consulting
charges or INR 2.5 lakhs, whichever is less
• Up to 50% of cost of Equipment (Environment Management System
including setting up of Environment Management Laboratory), ceiling of
INR 10 lakhs
• Up to 35% of cost of equipment/system (Purchase of new
equipment/system related to safety, occupational health or for
environment compliances) with a ceiling of INR 35 lakhs per cluster
• Up to 50% one-time capital subsidy on relevant equipment/system or
INR 75 lakhs, whichever is less for Industries practicing at least 50%
waste water recovery through zero liquid discharge

18 Manufacturing Sports Goods and Equipments

Incentives

S.No. Incentives Quantum of Assistance

Assistance up to 40% of eligible fixed capital investment in the project for

Financial Assistance for
Common Effluent Treatment Plant, Waste Management System,
16 Common Environmental
upgradation of existing CETPs, common spray dryer, common multiple
Infrastructure Facilities
effect evaporator etc. up to INR 50 crore

100% of course fees, maximum up to INR 10,000 per trainee for a one
week or for more duration of skill upgradation for MSMEs in a training
Skill Development Support to
17 programme conducted in institutions recommended by an Anchor Institute
MSMEs
or as per existing provision in force in MES / NCVT / GCVT / Sector Skill
Council etc. in specific sector

Financial assistance shall be given for per training programme per

Assistance for Tuition fees for
18
Enhancement of Skill
candidate as under:
• INR up to 15000/- for 121 hours and above training duration
• INR up to 10,000/- for 61 to 120 hours training duration
• Up to INR 5,000/- for 40 to 60 hours training duration

The enterprise will be eligible for subsidy @ 50% of all charges on the
Financial support for ZED
19 amount after deducting the assistance received from Government of India
certification
for ZED Certification, up to a maximum amount of INR 50,000

Assistance to establish • For institutions/companies

20 R&D/Product Eligible institutions can avail assistance of up to 30% of the project cost of
machinery and equipment maximum up to INR 5 crore for setting up
Development Centre Research & Product Development centre in the state

• For institutions/companies
Assistance for Assistance for Contract/Sponsored research work from any industrial
21 Contract/Sponsored Research enterprise/Industrial association to recognized R&D institution / technical
Work colleges approved by AICTE, at 50% of project cost, excluding cost of land
and building, subject to maximum INR 50 lakhs

19 Manufacturing Sports Goods and Equipments

Notes

20 Manufacturing Sports Goods and Equipments

 Sports Youth and Cultural Activities Department, Government of Gujarat

https://sycd.gujarat.gov.in/index.htm

Sports Authority of Gujarat

https://sportsauthority.gujarat.gov.in/

Industries and Mines department - Gujarat

https://imd.gujarat.gov.in/

Gujarat Industrial Development Corporation

https://gidc.gujarat.gov.in/

This project profile is constructed based on an initial analysis with the intention of offering prospective entrepreneurs an
initial assessment of the potential scope. However, it is strongly advised that a comprehensive feasibility study be
carried out prior to making a final investment decision.

For further details, please contact:

Sports, Youth & Cultural Activities Department,

Block No. 18, Floor, Udyog Bhavan,
2nd Government of Gujarat
Sector 11, Gandhinagar 382 010 2nd Block, 8th Floor, Sachivalaya,
Gandhinagar 382 010
+91-79-2325 6009, 2325 0492 / 93 +91-79-23251371
indextb@indextb.com secsyc@gujarat.gov.in
www.indextb.com https://sycd.gujarat.gov.in