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 […]
Piyush Goyal – Big Drop in Toy Imports in Last Three Years
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 […]
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 […]
Smartivity Nominated for Global Toy of the Year Awards
Smartivity was also selected by Time Magazine as the Top 6 Toy Brands globally in 2020. The toy company has established a strong network of 1000+ retailers in India and has achieved an exponential 150 percent growth YOY from 2020 to 2021. December 27, 2021 Smartivity Labs has become the first Indian toy brand to […]
MakersLoft – Building Blocks for Kids based on Indian Culture
To date, MakersLoft’s Indic Bricks has sold around 100 units to customers around the world. The STEM education company will launch – block toys based on – Kailasha temple, Bal Krishna, Hanuman, Ramayana storytelling set, and a few Indian monuments as well. December 09, 2021 Indian startup promoting “hands-on learning” in K-12 education – MakersLoft […]
Noida Set to become a Toy Manufacturing Hub
A total of 134 big toymakers have acquired land at Noida’s Toy Park to set up their factories at the cost of INR 410.13 crore. August 11, 2021 Noida, the industrial town in Gautam Budh Nagar district of Uttar Pradesh, is set to become a major manufacturing hub of toys in the country. With Noida’s […]
India Needs Technical Regulations to Ensure Toys Meet Global Standards: PHDCCI
India should come out with more quality control orders and technical regulations for different products to check inferior and low-quality imports from China, industry chamber PHDCCI President Sanjay Aggarwal said in a statement. August 03, 2021 There is a need to ensure the manufacturing of quality toys that meet global standards and attract large-scale investments […]
Mukesh Ambani Plans to Quadruple Hamley’s Outlets
Hamleys, a British retail icon that hasn’t made a profit for a number of years, plans to quadruple its outlets in the former British colony to more than 500 in three years despite the pandemic. April 14, 2021 Hamleys, a British retail icon that hasn’t made a profit for a number of years, plans to […]
Toy’ing With Design – the theme for Ahmedabad Design Week
A five-day event – Ahmedabad Design Week was held virtually at Karnavati University, and it was organized in collaboration with i-Hub, a Gujarat government initiative. February 11, 2021 Emphasizing Prime Minister Narendra Modi’s urge for going vocal about toys made in India and encouraging the growth of the domestic toy industry, Ahmedabad Design Week 2021’s […]
Toys Sector: Government may announce formulation of policy in Budget 2021
The central government has been making significant efforts in the direction of boosting the domestic manufacturing of toys. January 27, 2020 The government may in the Budget next week announce the formulation of a dedicated policy for the toys sector to boost domestic manufacturing, sources said. They said the policy will help in creating a […]