Govt, industry to discuss ways to promotegrowth of Indian toy sector on July 8

• Toy Association of India Senior Vice-President Naresh Kumar Gautam said the Government has already taken a series of steps to boost the growth of the sector
• To showcase domestic products, an international fair is being organised from July 6-9 here at Pragati Maidan 

 

GOVERNMENT officials and industry will hold a detailed discussions on ways to further boost domestic manufacturing and exports of toys on July 8, an official said. The meeting is organised by Invest India, an arm of the Department for Promotion of Industry and Internal Trade (DPIIT), in collaboration with the Toy Association of India. The main issues that would figure in the meeting include growingopportunitiesandregulatory developments in the toy sector to chartapath forward; making India a global toy hub; and ways to integrate Indian toy manufacturers in the global supply chain.

 

Toy Association of India Senior Vice-President Naresh Kumar Gautam said the Government has already takena seriesof steps toboostthe growth of the sector. Toshowcasedomesticproducts, an international fair is being organised from July 6-9 here at Pragati Maidan where over 150 foreign buyers from 35 nations are visiting. Over 400 domestic toy players willexhibittheir innovative products,Gautamsaid,adding that the Prime Minister NarendraModihasmentioned about the sector in one of his ‘Mann ki Baat’ programmes and that has given an extra thrustforpushinggrowthofthis labour-intensive segment. He also suggested that government extend fiscal support measures to stall holders. He added thatthe July 8 ‘ToyIndustry CEOs Meet’ will beattended by senior officials of the DPIIT, Invest India anddomestic industry.

 

Toyexportshavejumped240percentsince2014andimportsdeclined52percentduringtheperiod. He added that huge opportunities are there for womenand as per estimates, about 70per cent of the workforce arewomen. Further, he said construction work has started for thedevelopment of a big toy cluster in Noida. “This will be the biggest toyclusterinIndia.About150people have received land for setting up toy units. Soon, manyfactorieswillcomeupandstart production,” Gautam, who isalsotheChiefExecutiveOfficer(CEO) of Noida-based LittleGenius Toys Pvt Ltd, said.