Aequs Private Limited to set up India's first toy cluster in Karnataka
Aequs Private Limited is developing a 400-acre toy manufacturing cluster at Koppal in Karnataka at an investment of $500 million, its Chairman Aravind Melligeri said.
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Aequs Private Limited is developing a 400-acre toy manufacturing cluster at Koppal in Karnataka at an investment of
$500 million, its Chairman Aravind Melligeri said.
"Toy industry globally is a $90 billion-market and Indian market size is about $ 1.7 billion," he said.
India imports $1.2 billion worth of toys annually, mostly from China and the toy cluster being developed is to raise domestic manufacturing.
"China exports $20 billion worth of toys and recreation goods annually," he said.