Aequs To Invest $500 Million To Set Up Indiaâs First Toy Manufacturing Cluster In Karnataka s Koppal
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Aequs Private Limited is investing $500 million to build Indiaâs first toy manufacturing cluster across a 400-acre plot at Koppal in Karnataka, reports
Economic Times.
Indiaâs toy imports are worth $1.2 billion annually and most of them are sourced from China. The domestic toy cluster is being developed to counter that and stimulate the countryâs growth in this sector.
âToy industry globally is a USD 90 billion-market and Indian market size is about USD 1.7 billion. China exports USD 20 billion worth of toys and recreation goods annually, Aequs Chairman Aravind Melligeri was quoted as saying.
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