New Delhi, Feb. 2 -- India's sports goods manufacturing sector received a boost in the allocation for the Ministry of Youth and Sports Affairs in the union budget presented with Rs.500 crore set aside for the first time for the promotion of the industry. "India has the potential to emerge as a global hub for high quality, affordable sports goods. I propose a dedicated initiative for sports goods that will promote manufacturing, research and innovation in equipment design as well as material sciences," union finance minister Nirmala Sitharaman said while presenting the budget on Sunday. The move was welcomed by sports goods manufacturers. "This is the first time that the government has come out with some kind of suggestions or subsidies or i...