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Aequs Private Limited to set up India s first toy cluster in Karnataka

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. 0 claps Share on 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.

Aequs To Invest $500 Million To Set Up India s First Toy Manufacturing Cluster In Karnataka s Koppal

Aequs To Invest $500 Million To Set Up India’s First Toy Manufacturing Cluster In Karnataka s Koppal representative image Aequs Private Limited is investing $500 million to build India’s first toy manufacturing cluster across a 400-acre plot at Koppal in Karnataka, reports Economic Times. India’s toy imports are worth $1.2 billion annually and most of them are sourced from China. The domestic toy cluster is being developed to counter that and stimulate the country’s growth in this sector. “Toy industry globally is a USD 90 billion-market and Indian market size is about USD 1.7 billion. China exports USD 20 billion worth of toys and recreation goods annually, Aequs Chairman Aravind Melligeri was quoted as saying.

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