Toy Association of India (TAI) Chairman Manu Gupta said the G20 presidency with India provides an opportunity to showcase India as an attractive investment destination.
US has a strong toy market, and studying their strategies and approaches can help India increase toy consumption among its population. Expertise of G20 member countries such as the US and China can help the Indian toy industry boost domestic manufacturing capabilities and exports.
India Toy Industry: US has a strong toy market, and studying their strategies and approaches can help India increase toy consumption among its population. Expertise of G20 member countries such as the US and China can help the Indian toy industry boost domestic manufacturing capabilities and exports.
The proposal is to give the incentives on the full product and not on components as the industry still needs to import certain components which are key to make toys and are not manufactured in India.
NEW DELHI, Sept 16:Extending the PLI scheme to the toy sector and setting up a separate export promotion council would propel the sector by creating jobs and boosting exports, industry experts said. Currently, the Production Linked Incentive (PLI) scheme covers 14 sectors like pharma and white goods, and aims to boost domestic manufacturing and exports. Little Genius Toys Pvt Ltd CEO Naresh Kumar Gautam said although support measures announced by the government are helping the industry, the PLI scheme and […]