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MSMES IN TOY INDUSTRY
Govt sets up task force for toy sector; to boost manufacturing, global shareA new task force will identify ways to increase India's toy market share. The goal is to reach five percent of the global market by 2032. T...- India-UK FTA offers big opportunity, but implementation gaps remain: IndustryBusinesses welcome the pact but seek clarity on implementation details and regulations. Technical standards and rules of origin require fur...
- Imports of goods like umbrellas, musical items from China hurting Indian MSMEs: GTRIThe GTRI data analysis stated that China supplies 95.8 per cent of India's umbrellas and sun umbrellas (USD 31 million) and 91.9 per cent o...
- Has India’s toy story started to falter?After hitting a high of $177 million in the financial year 2022, India’s toy exports are seeing a fall. To add to the pain, imports are als...
- Budget Manufacturing push: PLI boost for shoes, toys, electronicsThe government has increased the budget for the Production Linked Incentive (PLI) scheme by 33% to Rs 6,200 crore and is reviewing the PLI ...
- Toys to account for significant portion in Walmart's $10 bn exports target from India: OffiicalIn December 2020, Walmart committed to triple its exports of goods from India to $10 billion each year by 2027, providing a significant boo...
- Govt, global retailers, domestic toy makers to discuss ways to promote toy exports from IndiaThis event brings together key industry stakeholders, renowned international companies, and leading Indian manufacturers to explore the imm...
- Downing the shutters, again for MSMELocal lockdowns, delayed payments and rising costs have hurled MSMEs into another cycle of financial stress. Will they survive the second C...
- Government approves eight toy manufacturing clusters worth Rs 2,300 croreThe government has approved eight toy manufacturing clusters at a cost of Rs 2,300 crore to boost India’s traditional toys industry.These c...
- SCALE committee working to up localisation, component manufacturing, says Piyush GoyalGoyal also said that the government has taken steps such as raising import duty and issuing quality control order to promote the toys indus...
- Karnataka teams up with Amazon to drive e-commerce exports from MSMEsAmazon will train and onboard MSMEs from Karnataka on its exports programme, enabling them to sell their ‘Made in India’ products globally ...
- A phased manufacturing plan for toys in works as India looks to become export hubThis follows Prime Minister Narendra Modi’s Mann Ki Baat address on August 30 in which he had said India could become a big hub of toy prod...
- UP government allots land to MSMEs, apparel and toy manufacturers near Jewar airportThe Yamuna Expressway Industrial Development Authority (YEIDA) had invited applications from industries to set up manufacturing units on 1,...
- To promote domestic industry, India to start licence regime for toy imports from MarchDPIIT recently extended the enforcement of compulsory certification by Bureau of Indian Standards (BIS) for toys to January 1, 2021, from S...
- India extends quality norms enforcement deadline for domestic toy industry to Jan 2021The move came in the wake of a study by the Quality Council of India (QCI) revealing that 67% of imported toys failed a testing survey, whi...
- National toy fair, toy labs, Indian-themed toys in the offingThe government is also deliberating forming producers’ companies for all the clusters and link all the clusters and artisans with them.
- 200% import duty hike to hit toy business in India: ImportersThe Centre, in the Union budget presented by Finance Minister Nirmala Sitharaman, has proposed raising the import duty on toys from 20 per ...
- Definition, imports of toys under government lens“We need a clear definition of toys because being an MSME product, there is a huge variety which hinders the government from putting checks...
- MSME secretary urges small companies to focus on substituting importsTaking the example of toy manufacturing on the sidelines of the event, he said instead of importing toys from China, “let us manufacture he...
- MSME secretary urges small companies to focus on substituting importsJalan said MSMEs servicing trading, wholesale or retail establishments are little talked about as the focus is entirely on MSME manufacturi...
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