Summary :

The government is set to introduce a new scheme to boost toy production in India, focusing on design, quality, packaging, and brand-building. Union Minister Piyush Goyal, speaking at the Toy Biz Expo 2025, highlighted India’s shift from toy imports to exporting to 153 countries, thanks to favourable policies, quality control measures, and local cluster development. He noted that the Quality Control Order (QCO) has helped Indian toy makers meet global standards. The scheme aims to leverage India’s large domestic market for global competitiveness. Startups are also benefiting through Mudra loans, and the MSME Ministry has supported 18 toy clusters to encourage local manufacturing.

Source: IBEF

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