The Government of India is planning
to establish eight toy manufacturing clusters across various states, three in Madhya
Pradesh, two in Rajasthan, one each in Karnataka, Tamil Nadu and Uttar Pradesh.
These toy cluster which are worth Rs. 2,300 Cr., will manufacture toys made of wood,
lac, palm leaves, bamboo and fabric. These
toy clusters are expected to be made operational in 12 months.
The Ministry of MSME and the
DPIIT are looking to develop the toy cluster under the existing schemes such as
the Scheme of Fund for Regeneration of Traditional Industries (Sfurti). Currently,
two toy clusters are being implemented in Andhra Pradesh and Karnataka under the Sfurti scheme. The
government is planning to establish over 35 toy clusters under the Sfurti scheme.
The announcement came prior to
the government’s plans to hold the Indian Toy Fair-2021 from February 27 to March
2. The virtual fair will help explore opportunities in the Indian toys industry
and buy toys from over 1,000 toys exhibitors across India.
The government’s push to provide
a boost to the Indian toys industry will provide tremendous business
opportunities for MSMEs in the country. If you are planning to start toy manufacturing
business, then kindly register with SolutionBuggy.
Also Read: Opportunities in Toy
Industry in India
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