Koppal Toy Cluster
Please Subscribe and Get Daily Updates in Your Inbox!!!
The first toy manufacturing cluster is the Koppal Toy cluster. It will begin operations in March 2022.
It will be built on a 400-acre plot of land. It will house the whole toy-making capability chain. This covers toy manufacture, tool production, packaging production, electronics development, paint production, and all other accessories.
In the Special Economic Zone, the toy cluster will eventually accommodate 100 small and big industrial enterprises. This comprises both local and export manufacturing operations.
A total of Rs 4,000 crores is expected to be invested in the cluster. It is anticipated that 25,000 direct jobs and one lakh indirect jobs will be created.
Women are anticipated to participate in greater numbers. The cluster’s goal is to produce various types of toys.
Electronic toys, plush toys, pre-school toys, outdoor toys, newborn toys, dolls, and educational toys are all included.
Toys like remote-control automobiles, electronic vehicles, and ride-on toys have enormous markets.
India’s toy sector is very fragmented. In India, there are over 4,000 toy production facilities. However, only 10% of these are attributed to the organized sector. As a result, more of these toy clusters are required.
Aequs Infra has launched the Koppal toy cluster. It is primarily concerned with the development of manufacturing ecosystems in three different places.
Koppal (Light Engineering Goods and Toy Manufacturing)
Belagavi (Aerospace Sector and Precision Engineering)
Hubballi (Aerospace Sector and Precision Engineering)
The Indian government sanctioned eight toy manufacturing clusters in February 2021, at a cost of Rs 2,300 crores.
Three will be built in Madhya Pradesh, one in Uttar Pradesh, one in Karnataka, one in Tamil Nadu, and two in Rajasthan.
Under this plan, clusters will be launched. The goal is to lessen reliance on imports. In 2020, India imported 1.5 billion dollars worth of toys.
China and Taiwan accounted for 90% of the total. The plan calls for the creation of 35 toy clusters In India.