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 […]
Reliance Brands to buy 40 Percent Stake in Plastic Legno SPA’s India business
Reliance Brands aims to “strengthen the toy manufacturing ecosystem in India”, according to the statement shared in a stock exchange filing. June 8, 2022 Reliance Brands Limited (RBL), a subsidiary of Reliance Retail Ventures, has formed a joint venture with Italian toy manufacturer Plastic Legno SPA to acquire a 40 percent stake in the latter’s […]
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 […]
Toys Sector: PM Modi pushes for toys and games inspired by Indian culture to boost toy manufacturing
PM Modi convened a meeting with senior Ministers and officials to discuss ways to encourage the growth in the manufacturing and global imprint of Indian toys. He has also called for promoting domestic toy clusters through innovative and creative ways. August 24, 2020 Prime Minister Shri Narendra Modi held a meeting with senior Ministers and […]