New Delhi, March 16 With India hosting several international competitions and also set to host the 2030 Commonwealth Games, a comprehensive industry report titled "India's Sports Startup Ecosystem: Current Status and Emerging Pathways" was unveiled by Sports Secretary Hari Ranjan Rao here on Monday.
Commissioned by the Association for Sports Industry Professionals in collaboration with Institute of Management Technology, Ghaziabad, the publication provides an overview of the current state of India's sports startup ecosystem.
It highlights emerging trends, innovation hotspots, and opportunities for growth. It is expected to serve as a reference for policymakers, industry leaders, investors, and sports development professionals.
"I am encouraged to see the effort ASIP is making to strengthen India's sports industry through research and collaboration. This report offers valuable insights that will certainly benefit the sports sector, and the Ministry of Youth Affairs and Sports will explore how these findings can support ongoing and future initiatives," said Ranjan Rao.
Shaji Prabhakaran, the founder and president of ASIP, said, "This report reflects ASIP's commitment to fostering a knowledge-driven sports ecosystem."
"This report is a significant milestone for ASIP and for the broader sports industry in India. We are keen to delve deeper into the sports startup landscape in the coming months, and we look forward to working in close collaboration with the Ministry of Youth Affairs and Sports to conduct more detailed studies," said Prabhakaran.
ASIP is a national body dedicated to advancing India's sports industry through policy advocacy, professional development, and industry-wide collaboration.