Toy Industry: Imports Decline by 70 percent while Exports Surge by 61 percent over last 3 years
The success behind the growth of exports in the toy industry can be attributed to a number of initiatives by the government. July 16, 2022 The toy imports in the country have gone down by 70 percent while the toy exports have grown 61 percent over the last three years, as per the data from […]
Koppal Toy Cluster in Karnataka to be Operational from March
The upcoming toy cluster is expected to attract an investment of INR 4000 crore and it will contain more than 100 large and small manufacturing units along with an incubation centre for toy manufacturing and ancillary activities. January 10, 2022 The Koppal Toy Cluster (KTC), the first-of-its-kind toy manufacturing cluster in the country, is all […]
Popees Baby Care to Increase its Market Presence in South
Excelling their target during the challenging times of the ongoing COVID-19 pandemic has encouraged the company to consider expanding domestically as well as internationally. September 01, 2021 One of the prominent clothing brands for babies and kids – Popees Baby Care Products Private Limited is intending to expand its retail market presence in the South […]
Trichy: MSME Ministry to Support Domestic Manufacturing of Toys
The development institute of Micro, Small, and Medium Enterprises (MSME-DI) has extended support to the MSMEs associations in Trichy. August 25, 2021 With the aim to encourage the domestic manufacturing of toys, the development institute of Micro, Small and Medium Enterprises (MSME-DI) has reached out to the MSMEs associations in Trichy with financial and […]
Playshifu to Expand Manufacturing in India, Plans to Bring ‘Tacto’ to the Country
PlayShifu had introduced the ‘Tacto’ toy product in April this year in the US. The toy focuses on bringing board games to life using the power of touch screens. July 28, 2021 Playshifu, a tech-based education toymaker, is planning to ramp up its manufacturing capacity in India, with the key focus on in-house consumption and […]
Hasbro India Introduces Monopoly Games Made In India
In a bid to demonstrate the Monopoly brand’s commitment to the community, Hasbro India will donate one toy for each fan vote on the Community Chest Challenge. April 05, 2021 On the occasion of World Monopoly Day i.e. on March 19, 2021, Hasbro India has launched new additions to the Monopoly franchise in India. The […]
Sebamed Planning to Start Local Manufacturing, New Price Points, and Smaller Variants
The German brand has a range of products in the baby care segment. In addition to the local manufacturing-plans, the brand is also considering investing in brand building and network expansion to grow 10 times in the next five years. April 01, 2021 Within its multi-faceted strategy to ramp up its presence in India, the […]
Aequs, Foxconn of Toy World to Set Up India’s First Toy Cluster in Karnataka
Aequs Private Limited is developing a 400-acre toy manufacturing cluster at Koppal in Karnataka at an investment of USD 500 million, its Chairman Aravind Melligeri said. March 01, 2021 It is Foxconn of the toy world, manufacturing some of the most popular superhero figures and toy dart guns at a factory in Karnataka for some […]
IKEA looking to source children’s range from India
The multinational furniture retailer is intending to scale local sourcing from India as part of its expansion plans in view of the increasing demand. For toys, IKEA works with a single-sourcing partner from where it procures soft toys. March 01, 2021 Swedish furniture retailer IKEA is planning to scale sourcing of toys and its children’s […]
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 With the aim to propel the ‘Make in India’ initiative for domestic manufacturing of toys, the Central Government has granted approval for […]