In a bid to protect the domestic toy industry, the government is promoting Made-in-India toys.
January 14, 2022
The country’s toy imports have declined to USD 130 million in 2020-21 from USD 304 million in 2018-19, according to government data.
Minister of Commerce & Industry Piyush Goyal said the government is protecting the interest of the domestic toy industry by promoting Made-in-India toys. This is also providing a helping hand to thousands of artisans across several toy clusters, he said in a tweet.
“Big drop in toy imports over the last 3 years,” he added.
The government has taken a series of steps to promote the domestic manufacturing of toys to ensure that no sub-standard and unsafe cheap toys are imported into the Indian toy market. Consequently, the import of toys during the last three years has shown a decreasing trend.
It has taken significant steps for promoting the domestic toy industry in the country, including mandatory sample testing of each imported consignment of toys, enhancement of Basic Customs Duty from 20 percent to 60 percent, implementation of Toys (Quality Control) Order with effect from January 2021.
Source via PTI