The Times of India — Global Sports Business Show Throws Light on Sports Textile Industry
by EVENTFAQS Bureau Business Events | December 2, 2016 | News
The Times of India Global Sports Business Show Bombay Exhibition Centre
The Times of India – Global Sports Business Show is set to take place from December 21 to 23 at the Bombay Exhibition Center, Mumbai. The property is a unique attempt to bring together top corporates, leading stakeholders, wholesalers and retailers, policy makers, sports leagues, sports management companies and everybody who is a part of the sports business value chain, under one roof to help India realize the dream of becoming a truly international sporting nation with world class infrastructure. Over a period of three days, the summit will create an unparalleled platform for discussions around fitness and nutrition, infrastructure, investment, sports marketing and multiple business opportunities in the sports sector.
This initiative will accentuate the government’s vision to create a sustainable sporting eco system in India through infrastructure development, attracting investments in the sports sector and overseas marketing of India as an international sporting destination and development of various sports which have been demanding attention for a long time. Alongside a diverse array of activities, exhibitors and workshops, there are three focused conferences.
As a lead up to the event, the Global Sports Business Show has just released an overview of the Sports Textile industry, a separate forum on which will be featured at the event. The Indian sports industry has gone through a metamorphosis of sorts over the last decade. Indian sports has scaled newer heights in terms of on-field performances and the same has translated into off-field business growth. ‘Sports Industry’ in other words implies the potential to earn high dividends from multiple sporting sub segments (tourism, export, textiles, medical, etc.) through large scale employment and immense market opportunities. The time now is perfect to facilitate investment mobility so as to enable corporate houses currently involved in sports to advance to profit oriented sporting ventures, while those who are not, can consider the Sports Industry as an ideal avenue for CSR activities.
Indian sporting industry has had a unique growth curve, where local artisans are directly linked to the growth of the segment. Currently, most of Sport Textile material is being imported to India, as there are only few domestic manufacturers in this segment. It is forecasted that there will be huge demand supply gap in India in near future. The Indian sporting goods industry is a highly labour-intensive segment concentrated primarily in the small-scale and cottage industries, where most units employ women as well. The consumption of products in this segment are dependent on tournaments and the popularity of a particular sport, along with the number and destinations for these tournaments.
The Indian Premier League, Pro Kabaddi League, Hockey India League, Indian Super League and Indian Badminton League have played a pivotal role in transforming the identity and reinforcing the culture of sports in India. The sports industry has since, grown extensively —from Rs. 43.7 billion in 2013 to Rs. 48 billion ($713 million) in 2015. International events like common wealth games being hosted in India has also been a favourable factor. The current market size of sports composites is estimated to grow at the rate of 7 % per annum to Rs 410 crore by 2012-13.
The Times of India – Global Sports Business Show is set to take place from December 21 to 23 at the Bombay Exhibition Centre, Mumbai.