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Government Approves Eight Toy Manufacturing Clusters Worth Rs 2,300 Crore

The plan to establish toy clusters is under the existing set of schemes such as SFURTI and the eventual goal is to set up 35 toy clusters across the nation.

February 22, 2021

Toys

The Toy Manufacturing Clusters will be set up in Madhya Pradesh, Rajasthan, Karnataka, Uttar Pradesh, and Tamil Nadu. Overall, the Government is intending to establish a total of 35 toy clusters across the nation. Representation Image: Toys

With the aim to propel the ‘Make in India’ initiative for domestic manufacturing of toys, the Central Government has granted approval for the development of eight toy manufacturing clusters across the nation at a cost of Rs 2,300 crore, as per a report by Economic Times.

As the Government is looking to establish the eight toy clusters, it will come under the existing set of schemes such as the Scheme of Fund for Regeneration of Traditional Industries (SFURTI). Once set up, these will boost the manufacturing of traditional toys that will be made of wood, lac, palm leaves, bamboo, and fabric.

Of the eight clusters, three will be initiated in Madhya Pradesh, two in Rajasthan, and one each in Karnataka, Uttar Pradesh, and Tamil Nadu. Meanwhile, it should be noted that in addition to these, two toy clusters are already under implementation in Karnataka and Andhra Pradesh under the aforementioned SFURTI scheme. All in all, the Government is looking to establish a total of 35 toy clusters across the nation.

The SFURTI scheme offers incentives such as skill development, capacity building, and creation of facilities such as common facility centres, rehousing facilities, and marketing and e-commerce assistance to local industries.

It should also be noted that the Government’s nod of approval for the imminent eight new toy manufacturing clusters has come ahead of the India Toy fair-2021 which is to be held from 27 February to 2 March.