Toys R

Indian toy makers, who participated in the five-day international toy fair in Nuremberg, Germany, have received huge orders worth crores as they had showcased high-quality products, exporters say. According to the toy exporters, buyers from countries such as the US, UK, South Africa, and Germany showed interest in their products and placed a good number of orders. The Nuremberg International Toy Fair concluded on February 3. Over 2,000 exhibitors from over 65 countries participated in one of the world largest toy fairs. Greater Noida-based Little Genius Toys Pvt Ltd CEO Naresh Kumar Gautam said: "Our products received huge appreciation. Be it wooden education toys or soft toys. There was a strong anti-China sentiment for Chinese toys and Indian toys were appreciated. About 60 firms participated." He said that two-Chinese firms have expressed keen interest to set up joint ventures with Little Genius in India for toy manufacturing. "The JV would cater to both national and internatio

The Indian toy market is estimated to double to $3 billion by 2027-28, from $1.5 billion now

Union Housing and Urban Affairs Minister Hardeep Singh Puri on Monday launched a campaign -- "Meri LiFE, Mera Swachh Shehar" -- to promote reuse and recycle of old items such as clothes, shoes, toys and books, according to an official statement. According to the statement, urban India is increasingly adopting the principles of making wealth from waste with citizens actively refurbishing old items for reuse. This is giving an impetus to the overall zero-waste ecosystem under the Swachh Bharat Mission-Urban 2.0. This nationwide campaign aims to highlight cities to set up "reduce, reuse, recycle (RRR) centres" -- one-stop centres for citizens to contribute clothes, shoes, old books, toys and used plastic to be reused or recycled. "This three-week campaign will strengthen citizen's resolve under SBM-U 2.0 to reduce, reuse and recycle and will also champion Mission LiFE's objective of taking collective action for the protection and conservation of the environment by adopting sustainable

TMS Ep333: 2022 startup funding, toy manufacturing, markets, IPEF

What does the 2022 funding winter indicate for start-ups? Does India need PLI to become a toy manufacturing powerhouse? Will the markets see a time-wise correction in 2023? What is IPEF? Answers here

Does India need PLI to become a toy manufacturing powerhouse?

Toy imports have come down by 70% in the last three years, while export is up by 60%. Govt is now mulling a PLI scheme to give the sector a fillip. Will the scheme help the toy manufacturing sector?

India is likely to extend the production-linked incentive (PLI) scheme to domestic toy manufacturers after Chinese toys were found to be "unsafe"

The would-be rescuer is the chief executive officer of MGA Entertainment, which sells toys including Little Tikes, Bratz