TOY FAIR
Govt, industry to discuss ways to promote growth of Indian toy sector on Jul 8
Government and industry to meet for discussions on boosting toy manufacturing and exports.
International toy fair to begin on July 6; over 100 foreign buyers to participate
Wooden toy maker Gautam said that different categories of toys will be showcased to buyers such as electronics, soft toys, playground equipment and board games. The country's toy exports declined marginally to USD 152.34 million in 2023-24 from USD 153.89 million in the previous financial year, according to a report by economic think tank GTRI.
India's toy exports slip to $152.34 mn in 2023-24; need strategy to push it: GTRI report
India's toy exports saw a slight decline to USD 152.34 million in 2023-24 from USD 153.89 million the previous year. Despite quality control orders, exports did not benefit much. GTRI Founder Ajay Srivastava suggested a more comprehensive strategy to develop the industry and boost exports.
Domestic toy makers’ tie ups with Snapdeal, Walmart in pipeline: Govt
The Indian government announced plans for tie-ups with international toy giants like Snapdeal and Walmart. The announcement comes amid Indian toy makers receiving orders over $10 million at a five-day international toy fair in Germany. The Indian toy sector is growing at a healthy rate and competing with global players.
Indian YouTuber builds handmade Porsche 911 replica, powered by electricity
Renowned car-builder 'sudus custom' has unveiled India's first fully-handmade Porsche 911 replica. This electric-powered replica, inspired by the iconic sports car, showcases remarkable driving capabilities despite its compact size. With a tin-sheet body and metal pipe chassis, it resembles more of a toy car. The interior is basic, but the exterior finishing is impressive.
IHGF Delhi fair: 3,000 exhibitors, 100 plus buyer countries likely to participate
Buyers from companies and departmental stores who have already confirmed their visit to the show include Flamant from Belgium, Canada’s Gibb and Daan, Simpli Home Ltd, France’s Loulou du Pont Neuf, Vanam interiors, Spain’s Casa Barrera, S.L; Homestead Decore, South Africa, and the UK’s Sainsbury's Supermarkets, Indus Valley Furniture Ltd, My Doris Limited.
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Govt, global retailers, domestic toy makers to discuss ways to promote toy exports from India
This event brings together key industry stakeholders, renowned international companies, and leading Indian manufacturers to explore the immense potential of India as a sourcing destination for the global toy industry.
China’s main trade fair struggles to lure buyers as global growth slows
Canton Fair, the semi-annual event kicked off on April 15 and around the same time Chinese officials embarked on a charm offensive in order to lure foreign investors back after three years of strict Covid Zero policies that prevented in-person visits.
View: Expect a fairly cautious budget on Feb. 1, but don’t rule out a dose of populism
The budget might at best pander to the middle class by some cosmetic tinkering with income-tax slabs. An expansion of the welfare state — better old-age security and higher maternity benefits, for instance — is equally unlikely, even though it will help Modi counter Gandhi’s accusation that his government is working only for a few rich tycoons, such as Gautam Adani and Mukesh Ambani, two of the the world’s wealthiest people.
Toy industry needs to think big to boost manufacturing, exports: Commerce Ministry
"Their revenues have grown, but to become a unicorn (companies having valuation of over USD 1 billion), the industry has to reach to another level. They need to bring professionalism in their management besides capacity building," Agarwal told reporters in the Toy Fair at Pragati Maidan.
Miniature books created by Charlotte Brontë, lost for a century, may fetch $1.25 mn at NY auction
The 15-page 'A Book of Rhymes' smaller than a playing card was last seen at NY auction in 1916.
90 countries to participate in key handicraft, gift fair
Overseas buyers from over 90 countries including the US, China, UAE, UK, New Zealand and Saudi Arabia have registered for the fair, Export Promotion Council for Handicrafts (EPCH) said on Wednesday.
Flipkart JV to bring Toys"R"Us to online customers in India
For over 70 years, Toys"R"Us has been a global leader in the toy category. It generated more than USD 2 billion in global retail sales annually through nearly 900 branded stores and e-commerce businesses in over 25 countries.
Downing the shutters, again for MSME
Local lockdowns, delayed payments and rising costs have hurled MSMEs into another cycle of financial stress. Will they survive the second Covid shock?
No kidding: India gears up to create its own toy story
Bored kids make good business and with a new toy manufacturing policy, India wants a piece of the global pie.
India holds export potential in toy sector, says Commerce Secretary Anup Wadhawan
"Toy manufacturing clusters should be developed by State Governments to attract international players to set up their manufacturing base in India," Commerce Secretary Anup Wadhawan said. The Secretary also emphasised on the promotion of toy-based tourism, local toy banks and libraries.
IKEA to increase sourcing of toys from India
The company, which currently sources only cotton-based soft toys from India, is also exploring to expand in some other categories such as wooden toys, said IKEA India Country Commercial Manager Kavitha Rao.
PM Modi asks toy manufacturers to use less plastic, more eco-friendly material
Inaugurating the first India Toy Fair 2021, Modi said, "We have to become Aatmanirbhar in the toy sector and also cater to the global market". He regretted that India's share in the USD 100 billion global toy market is very less, and about 85 per cent of the toys sold in the country are imported.
Prime Minister Narendra Modi to inaugurate India Toy Fair today
The Fair will be held from February 27 to March 2, 2021. It aims to bring together all stakeholders including buyers, sellers, students, teachers, designers etc. on a virtual platform to create sustainable linkages and encourage dialogue for the overall development of the industry.
Foxconn of toy world to set up India's first toy cluster in Karnataka
India imports USD 1.2 billion worth of toys annually, mostly from China and the toy cluster being developed is to raise domestic manufacturing.
India likely to be Ikea’s top market for children’s range
Ikea said its products are also compliant with the BIS standards but its suppliers do not have the BIS marking yet.
Government approves eight toy manufacturing clusters worth Rs 2,300 crore
The government has approved eight toy manufacturing clusters at a cost of Rs 2,300 crore to boost India’s traditional toys industry.These clusters will manufacture toys made of wood, lac, palm leaves, bamboo and fabric.
First India Toy Fair to be held virtually from Feb 27 to Mar 2: Govt
According to officials, it is the first ever digitally accessible exhibition and platform which will provide an opportunity to explore and buy a variety of toys from over 1,000 exhibitors across states and union territories, and participate in insightful webinars, panel discussions and activities, and network with various stakeholders from the toy industry.
SCALE committee working to up localisation, component manufacturing, says Piyush Goyal
Goyal also said that the government has taken steps such as raising import duty and issuing quality control order to promote the toys industry.
In talks with Flipkart for online promotion of Silk Mark products; toy action plan made: Textile Ministry
The textile ministry on Wednesday said it is in talks with e-commerce major Flipkart, for the online promotion of products of Silk Mark Authorized Users on their platform.
UP govt receives 92 applications from domestic toy manufacturers
This comes days after Prime Minister Narendra Modi in his Mann Ki Baat address said India could become a big toy production hub.
National toy fair, toy labs, Indian-themed toys in the offing
The government is also deliberating forming producers’ companies for all the clusters and link all the clusters and artisans with them.
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