Koppala in Karnataka, which will have India’s first toy manufacturing cluster, will be spread over 400 acres and generate 40,000 jobs in five years.
September 17, 2020
In line with the Vocal for Local initiative and the emphasis on giving boost for toys manufacturing, Koppala in Karnataka will be home to India’s first toy manufacturing cluster — a 400-acre facility that will create new employment opportunities, – around 40,000 jobs, thus, giving a huge boost in developing local entrepreneurship. The proposed toy cluster will attract over Rs 5,000 crores in investments and it will have connectivity to NH-63 and Belagavi Airport.
“India has the talent and the ability to become a toy hub,” said Prime Minister Shri Narendra Modi in the 68th edition of his monthly radio programme Mann Ki Baat. Of the many that responded to this call of the Prime Minister was Karnataka Chief Minister B S Yediyurappa, who tweeted in response about the imminent plan of setting up a toy manufacturing cluster in Karnataka. PM Modi had also urged startup entrepreneurs to “team up for toys”, asserting it is high time to get vocal for locally produced toys, as under the ‘Aatmanirbhar Bharat’ and ‘Vocal for Local’ initiatives.
Karnataka is the third-largest market for toys in India with around USD 159 million, or 9.1 percent of the national market according to government estimates. The state’s toy industry has grown at an average of 18 percent from 2010-17, and is projected to reach USD 310 million by 2023.