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India imports Chinese toys worth $600 mn every year- The New Indian Express


Express News Service
BENGALURU : India  currently imports toys worth over $600 million from China, with injection-moulded plastic and electronics constituting the majority of imports. The Indian government, however, is now pushing strongly to reduce dependence on the northern neighbour, with Prime Minister Narendra Modi urging Indian toy makers last month to up their game. 
Aravind Melligeri, Chairman and CEO of Aequs which is setting up a 400-acre toy cluster with an estimated investment of Rs 1,500 crore in Koppal, Karnataka told this publication that the central government needs to include the toy industry under the Production Linked Incentive scheme to help more global brands partner with local manufacturers.  ....

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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.
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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. ....

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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
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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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